Top5 oversold/overbought according to RSI & $JSEPIK
End of week 8Feb19. A week dominated by Resources. FTSE/JSE Allshare (JSE:J203) Top5 oversold/overbought according to 14day RSI indicator as follow:
OMN
20
PIK
30
TON
31
DCP
31
VOD
32
JSE:LON 84
JSE:SGL 84
IMP
84
KIO
80
ARI
79
Spending a few minutes on one of the most oversold companies of the week (according to RSI), namely.
Technically if the bottom range hold, R67.50 seems likely, with the 50-day moving average as next target.
The company joined other SA Retailers, with some serious selling pressure, as the sluggish local economy hitting most consumers in the final quarter of 2018. Fundamentally the company don’t look too bad though and might just justify a short-term stab:
$JSEPIK Intl Emerging Market Peers
Forward PE 17.87 23.06
Forward PEG 0.97 1.84
Forward EV/EBITDA 9.01 13.10
Personally, I still prefer
SHP
in this sector. Just tick a few more boxes for now.
OMN
20
PIK
30
TON
31
DCP
31
VOD
32 JSE:LON 84
JSE:SGL 84
IMP
84
KIO
80
ARI
79 Spending a few minutes on one of the most oversold companies of the week (according to RSI), namely.
Technically if the bottom range hold, R67.50 seems likely, with the 50-day moving average as next target.
The company joined other SA Retailers, with some serious selling pressure, as the sluggish local economy hitting most consumers in the final quarter of 2018. Fundamentally the company don’t look too bad though and might just justify a short-term stab:
$JSEPIK Intl Emerging Market Peers
Forward PE 17.87 23.06
Forward PEG 0.97 1.84
Forward EV/EBITDA 9.01 13.10
Personally, I still prefer
SHP
in this sector. Just tick a few more boxes for now.
Trade active:
First target reached and breached - R67.50.
Trade active