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PEPKOR HOLDINGS LTDPEPKOR HOLDINGS LTDPEPKOR HOLDINGS LTD

PEPKOR HOLDINGS LTD

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PPH trade ideas

Pepkor (PPH): Facing Tough Resistance PPH is seeking to have a yearly low price point, 19 Dec price point is a contender, however the current price action is up against declining trendline resistance (pink) & price was rejected where this line intersects the 200 DMA & upper resistance of the rising wedge. There is a possibility of price having another go at the resistance after bouncing off lower support of rising wedge before final turn for a move to the downside towards the 200 week moving average.
JSE:PPHShort
by runyamhere
Head and Shoulders on Pepkor with strong downside to R16.38Head 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, South Africa, and has since expanded to become a major retail conglomerate. Pepkor operates various retail brands, including Pep Stores, Ackermans, Shoe City, John Craig, Dunns, and Tekkie Town. Pep Stores is the largest retail brand in the Pepkor group, with over 2,200 stores across Africa. Ackermans is another major retail brand in the Pepkor group, specializing in clothing and homeware. Shoe City is a shoe retailer with stores across South Africa. John Craig is a menswear retailer with stores in South Africa and Namibia. Dunns is a clothing and homeware retailer with stores across South Africa. Tekkie Town is a footwear retailer with stores across South Africa.
JSE:PPHShort
by Timonrosso
PPHThe 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 retraced with a print at multi-month lows. Reviewing the weekly chart, the medium term trend has a high likelihood of accelerating to the downside. From my perspective, the following are the key technical drivers: - Technical structure similar to that of February 2020 - 14-Week RSI with a print of 42 and looking to breach support - The price shifting below the flat-to-declining 40-week moving average.
JSE:PPH
by techpers
1
$JSEPPH-Pepkor: More Consolidation To Come?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 fact that wave 3 is extended, we may anticipate a triangle or a combination pattern for wave 4 implying further, prolonged consolidation. A key level to watch in the near term is R18,78 and any long positions opened at current levels should consider this price as a stop-loss.
JSE:PPHLong
by Loyiso_BlaqueSoros_Mpeta