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Timonrosso

PPC W Formation new target to R4.29

Long
PPC LIMITED (JSE:PPC)  
Timonrosso  
JSE:PPC   PPC LIMITED
Trend Analysis Chart Patterns Fundamental Analysis PPC jse jse_top40 southafrica
2
0
trendanalysis chartpattern fundamental ppc jse jse_top40 southafrica
W Formation has formed on Daily with a striking up candle breaking above the neckline.
With MAs we have 7>21 - Bullish
Price > 200MA Bullish
RSI>50 >70- Bullish
Target R4.29

Concerns:
The 7>21 is still below the 200MA which signals the downtrend is still in place.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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