TradingView
Timonrosso
Jun 14, 2023 9:33 AM

Pick N Pay showing upside and broken above downtrend target R52 Long

PICK N PAY STORES LTDJSE

Description

Rounding bottom or C&H is forming on PIK.
Whichever price breaks up and out of will give a strong buy signal.
Other indicators are confirming upside.
7>21 but price is still <200MA. We can expect the price to move up to rebalance with the 200MA which acts as an elastic.
RSI>50
Target R52.26
More