Price has finally broken above the Downtrend since November 2022. Also the price formed a Scallop formation, which has broken up and out of. Momentum is pointing up. Other indicators confirm. 7>21 RSI>50 Target R20.10 ABOUT THE COMPANY ~ JSEPPH Pepkor Holdings is a South African-based investment holding company that operates in the retail sector. ~ Pepkor...
JSE:PPH new 52-week low after slicing below the distribution level at R17-ish. Retailers can't seem to catch a break these days. Steinhoff or load shedding?
JSE:PPH is barely hanging onto the potential support level, if it doesn't hold things can get worse for the stock. Other than that JSE:SNH is still catching strays.
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.