Timonrosso

Pick n Pay big bearish formation with a runaway gap to R38.42

Short
JSE:PIK   PICK N PAY STORES LTD
Bearish box has formed over the last couple of months with Pick N Pay.
The price broke below the support and made a runaway gap.
This is a gap that runs in the direction and accelerates down the trend.
This is very bearish for the stock
200 >21>7
RSI<30
Target R38.42


✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.