Fundamentally Pepkor (primarily catering to the lower LSM market), should be well positioned to outperform pending their full-year results later in the year. Technically I also like the fact that the diagonal has now been breached on the daily. My end of year price target is at least 14.00 with even more upside from there.
This market is range-bound and might not be wise to trade. However, we can make much use of the support and resistance theory since price has already broken the 1920 previous resistance-turned support level and is probably heading towards the major 2160 psychological price level. Remember that there is a psychological aspect to round numbers especially when...
Pepkor Holdings Ltd. is a diversified retail group that has a significant footprint in Africa that is listed on the Johannesburg Stock Exchange. With over 5100 stores in 12 countries, Pepkor is truly a retail giant in Africa. The group has 17 store brands over the retail industry, ranging from affordable quality clothing outlets to high-class furniture outlets....
