Pelikan Overview
Pelikan is an established German stationery brand and company since 1838. The company was founded as an ink and paint factory by a chemist, Carl Hornemann in Hannover, Germany in 1832. The official founding date of Pelikan is 28 April 1838. Another founding father of Pelikan, Günther Wagner joined the company in 1863 as a chemist and plant manager, and took over in 1871. He registered his family crescent, the pelican, in 1878 as a trademark for the company, used to mark his paints to distinguish them from the others. The Pelikan logo is now one of the oldest registered trademarks in Germany.
Technical:
1) Broke long term downward trendline
2) Formed a nice pullback along trendline
3) Price rebounded
1st Target price: RM 0.345 - 0.355
2nd Target Price:RM 0.370 - 0.385
3rd Target Price: RM 0.405 - 0.420
Pelikan is an established German stationery brand and company since 1838. The company was founded as an ink and paint factory by a chemist, Carl Hornemann in Hannover, Germany in 1832. The official founding date of Pelikan is 28 April 1838. Another founding father of Pelikan, Günther Wagner joined the company in 1863 as a chemist and plant manager, and took over in 1871. He registered his family crescent, the pelican, in 1878 as a trademark for the company, used to mark his paints to distinguish them from the others. The Pelikan logo is now one of the oldest registered trademarks in Germany.
Technical:
1) Broke long term downward trendline
2) Formed a nice pullback along trendline
3) Price rebounded
1st Target price: RM 0.345 - 0.355
2nd Target Price:RM 0.370 - 0.385
3rd Target Price: RM 0.405 - 0.420