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Peet_Serfontein
Feb 19, 2024 1:43 PM

PPC: M-top pattern? Short

PPC LIMITEDJSE

Description

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.
Comments
NetEddy
This was spot on by the way, but seems to have recovered again - Turn of the tide, or a further leg down ?
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