We may derive the following from the Weekly PIK chart: 1. Price has bounced off the major support level (purple box). See previous linked idea. 2. Price is now testing the previous support levels (now resistance). 3. Monitor price action and wait for a clear opportunity. 4. As always - maintain your risk. Note: The views provided herein do not constitute...
We may derive the following from the Weekly PIK chart: 1. Price has absolutely plummeted over the past few weeks. 2. Our last swing low level and major support is approaching. 3. Be weary of buying, but take note - a bid is likely. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.
Great Results from PnP even in economic mayhem I would imagine we break up here
I like this set up we are consolidating under Resistance and might see a move up
Pick n Pay has published solid figures today and stay a Blue chip share to invest in. Entry Level as indicated above
End of week 8Feb19. A week dominated by Resources. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:OMN 20 JSE:PIK 30 JSE:TON 31 JSE:DCP 31 JSE:VOD 32 JSE:LON 84 JSE:SGL 84 JSE:IMP 84 JSE:KIO 80 JSE:ARI 79 Spending a few minutes on one of the most oversold companies of the week...
PIK up 3.7% this morning after delivering a solid set of interim statemetns. reported revenue for the H1 of R42.3bn(+6.4%) Group turnover up 6.4%, with like-for-like turnover up 3.8%... Volume growth of 3.5% and market share gains over six months... 1H gross profit margin 18.6% (18.6%) internal inflation held at 0.3% against CPI food of 3.5%... 1H trading...