JSE:PPH is now trading below the previous support level. The stock might continue to fall to ~ R16/share. No (long) position.
Head and Shoulders formed on Pepkor a few days ago. The price broke below the neckline accompanying with other bearish signals. 200 >21>7 MA- Bearish RSI<50 - Bearish divergence with lower highs Target R16.38 ABOUT THE COMPANY Pepkor was founded in 1965 by Renier van Rooyen and his wife, Elsie. The company started as a small clothing store in Cape Town,...
JSE:PPH is now trading below the (badly drawn) support level, if the stock close below this level by the end of the week we might see it touch R16.50-ish. No position.
JSE:PPH looking weak. Just shy of 24 months consolidation, a Stage 3 breakdown will be horrible for holders. Should we blame JSE:SNH ?
The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion. The following comments were published to out client platform yesterday evening. Pepkor reached my prior long target and has since...
PEPKOR trading inside a range a bull flag currently at play we might see price moving higher from this as momentum tries to build
A bearish engulfing, which is a top reversal signal, has formed on JSE:PPH . It also looks like the stochastic and MCD and stochastic are about to signal a short very soon too. We are looking for a downward move all the way to the target at around the 21.25 level.
PPH made a strong recovery from the post covid-19 sell-off low at R9,31 to peak at a new all time high of R27,59. The rally does seem to be unfolding in a 5 wave pattern with the all time high being the terminal point of wave 3. Wave 3 is extended relative to wave 1 and wave 2 was a sharp and swift zig zag correction. Using the guideline of alternation and the...
A short position has been triggered on JSE:PPH signaled by the bearish engulfing formed last Friday. Looking to reach a target at the low reached on 26 May 2021.
Looking to enter trade at the breakout of the falling wedge at 22.20. Pricing above EMA21 on the daily chart, and momentum positive. MACD crossing over to the top. Have a target of 10% and then 24% on this trade. Pullback into the wedge formation, will negate this trade.
Looking to buy at the breakout of the falling wedge. Price above the EMA21.MACD crossing over on the weekly chart. Will enter trade at 22.20, and have a target of 10% and then 24% to the upside. A Pullback into the wedge formation will negate this trade.
PPH is coiling up at the yearly moving average and has been in a box pattern for around 7 months now, Strong closes below R19,00 bearish Strong closes above R24.00 bullish alerts have been set for the breakouts
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JSE:PPH is showing a Bullish Engulfing Candle pattern and is looking god for a long position. If it breaks through the R22.50 level, I will enter long.
JSE:PPH is showing signs for a short position. I will enter short if it continues in this direction.
Swing Long Idea: Pepkor LAST = 2279c LONG PIVOT = 2292c STOP-LOSS = 2209c TARGET = 2470c Key Trading Levels For Buy/Long Opportunity The highlighted levels may or may not trigger during the upcoming trading session. Blue Lines = Bullish Reversal Pivot Required: Needs to hold above the pivot with intraday strong bids. TF = Short Term
JSE:PPH is showing signs of upward momentum and looks good for a long position.