$JSEPPC - PPC Ltd: 209 Holds The Short-Term Key
The last coverage of PPC was on 2022.12.01 link below.
The bigger picture outlook is still the same.
The bounce from 186 to 355 has been in three waves so there is still potential for further downside.
In the short-term, the key level to watch is 209 as a break below it could price below 186 for wave ((z)) of 2.
If 209 holds and price pushes towards 355, that will open the door for a potential leading diagonal from 186.
In the meantime I will sit on my hands and monitor price action.
The bigger picture outlook is still the same.
The bounce from 186 to 355 has been in three waves so there is still potential for further downside.
In the short-term, the key level to watch is 209 as a break below it could price below 186 for wave ((z)) of 2.
If 209 holds and price pushes towards 355, that will open the door for a potential leading diagonal from 186.
In the meantime I will sit on my hands and monitor price action.
