Peet_Serfontein

PPC: M-top pattern?

Short
JSE:PPC   PPC LIMITED
A price action below 360 supports a bearish trend direction.
Increase short exposure for a break below 340.
The target price is set at 310 (its 61.8% Fibonacci retracement level).
the stop-loss price is set at 380.00
The M-top pattern might hint as some temporary weakness in the share price.
Remains a risky trade.

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