PPC made a bad turn taking it to the next target R2.37

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
ALSIcementChart PatternsFundamental AnalysisjsePPCsouthafricaTrend Analysis

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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