When looking at any share so close to it's all-time-lows is difficult to tell whether what you seeing is just another pullback in the bigger downtrend or whether the bottom is truly in. In the case of JSE:PPC it would appear that the worst is behind it (at least for now). But the big test is whether it can stay above the new Yearly Pivot @ 1.50 as a break back...
Large inverted head and shoulders building. Watch for a 172 neckline break for levels 244 and 278 to come into play.
Indicators are showing a possible next move upwards for PPC - monitor for MACD cross and resistance break.
PPC lifting off by 200%+ from a low of 50c per share. Currently heading towards a resistance at R 1.80. What happens at this resistance line will determine if the share price continues to rise or turn into a dip. It came close but there was a bit of a reluctance to hit this price point and thus it rests on R1.57. Safe to say this can be seen as a peak and safer to...
Finally seeing a recovery in PPC, hoping it can hold above 200dma
Pushing against the triangle - hasn't been a fun ride.
PPC: Strong Rejection of Descneding Triangle
Overall trend remains bearish.
Jumped over 10% in the morning, will need to break the trendline to remain interesting. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any...
PPC finally broke the downtrend - will keep a close eye whether it holds on.
Not much, but keeping an eye if it can break the resistance line. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way. Always use a...
Something like 700% down from where it was a year ago, I don't expect a quick rise, but think it might be worth a shot here. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please...