M Formation has formed on PPC since November 2023. This is a very risky trade analysis due to the high volatile nature of the share. But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company. Medium Probability Trade Price<20 and Price <200MA Target R2.37
📊 Key Points: New Leadership: Ivan Siqueira appointed as president of Pilgrim’s Europe to enhance synergy and growth. E-commerce Growth: PPC experiences a 48% sales increase in 2022, with e-commerce now constituting 23% of revenue from branded products. Mexico Business: PPC's Mexico business shows improved results despite market challenges, benefiting from strong...
M Formation has recently formed on PPC. We are seeing negative signs more than positive. On Tuesday, the price crossed below the 200MA which confirmed downside to come. Now we can expect a test and a consolidation period before further downside, but well need the price to cross and close below the 200MA first. Target R2.37
Since the price broke above the brim level for PPC, it's since formed a DIamond FOrmation. There are TWO scenarios we can see: A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside. A bearish Diamond broadening...
PPC hit our initial target at R3.50. It then confirmed a breach above the neckline from the larger cup and handle formed since March 2023... Now there is a slight consolidation before the upside to continue. We see the moving averages are perfectly aligned where 7>21>200 And the RSI>50 and making higher lows. New target will be at R4.40
THe first Cup and Handle formed and the target was set to R3.55. Last week it hit it and in the pipeline another LARGER Cup and Handle formed. With the Moving averages all looking up 7>21>200 and with RSI making higher lows. The next target will be set to R4.40 Very bullish for PPC
Cup and handle formed on PPC from our last update. The price broke above and went up very nicely. The chances of it going up are still higher but we need to be warned with the JSE ALSI 40 choosing a direction down... 7>21>200 RSI>50 Target remains at R3.55
Cup and handle has formed on PPC, where the price has retraced back to test the brim level. The volatility is wild with this Penny Stock and the liquidity is also very low. These are dangerous stocks to try buy and sell and wider stops and take profits are essential. Also with MAs, they are in the twilight zone too as 7=21=200 RSI>50 Target R3.55 WARNING
W Formation formed previously as you saw. And the signs were all bullish with MAs and RSI But then there was a consolidation period forming a Diamond Formation, breaking down. I guess, my bias is in a way changing to down - but I'm not convinced. Even with the bank collapse, resource crash and crypto exchange debacle - PPC is holding quite solidly. I will keep...
W Formation is still in effect with PPC. 7>21 - Bullish Price > 200MA Bullish RSI>50 >70- Bullish Target R4.29 This is a patience game now. Here's some facts about the company PPC Limited was founded in 1892 as De Eerste Cement Fabrieken Beperkt and is headquartered in Johannesburg, South Africa. PPC is the acronym for Pretoria Portland Cement, which is...
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.
PPC-USD corrected before BTC-USD did and has established the bottom before BTC-USD. This can be see by rising PPC-BTC over the last couple of months. This chart looks incredibly bullish, and given the 8:1 R:R ratio I'm inclined to take the offered swing. Peercoin celebrates 10th anniversary later this month.
PEERCOIN PPC is another one of those hidden gems that are in a major bull flag pattern. Peercoin has been around for a while and the team is still active and working on this project. Huge potential here for some massive gains. MACD, RSI, and BBWP are showing a massive move is coming. I think this is a good time to accumulate and hold for the next big run. ...
PPC has been under a lot of pressure lately but it might find value at 3.50 level
This Is A Speculation Of What PPC Could Be Looking Like For The Upcoming Months. We Need To Wait For The Market To Seek The Liquidity Below Retesting On The 50% (RH_RL) (Price :460) Or Price Will Reach For The 50% Of The Imbalance In Price (Price :417) A Bullish Movement Should Be Expected I'm Looking To Off-Load My Shares The 925 Level DISCLAIMER ...
CONSOLIDATING FOR BREAK OUT, POTENTIAL 500%
Great 30% retrace. Lots of momentum here. This is one of the original 6 altcoins dating back to early 2013. A fully diluted supply of 26 million coins, of which we believe 8 million are lost.
Andrew's pitchfork. beautiful reactions off of the median. heading to the lower bound and maybe beyond. not financial advice