$JSEPPH - Pepkor: It's A Slow & Steady Grind
See link below for previous analysis.
Pepkor held above 1330 and though it initially looked as if the move would be a powerful impulse off that low, price has trended upwards in a very choppy manner.
I am looking at the advance unfolding as a leading diagonal so I am expecting more choppy price action in the short-term.
The overall trend is still looking bullish though we can expect a pullback after the completion of five waves up.
Pepkor held above 1330 and though it initially looked as if the move would be a powerful impulse off that low, price has trended upwards in a very choppy manner.
I am looking at the advance unfolding as a leading diagonal so I am expecting more choppy price action in the short-term.
The overall trend is still looking bullish though we can expect a pullback after the completion of five waves up.
