Pep broken above the 8 month downtrend Target R20.10

Price has finally broken above the Downtrend since November 2022.
Also the price formed a Scallop formation, which has broken up and out of.
Momentum is pointing up.
Other indicators confirm.
7>21
RSI>50
Target R20.10

ABOUT THE COMPANY

~ JSEPPH Pepkor Holdings is a South African-based investment holding company that operates in the retail sector.

~ Pepkor Holdings (went public as PPH in 2017) was founded in 1965 by Jan Hettema as a single clothing store in Cape Town, South Africa.

~ The name "Pep" was derived from the first initials of Jan Hettema's three sons, who were named "P"atrick, "E"dward, and "P"eter.

~ The company has a diverse portfolio of retail brands, including Pep Stores, Ackermans, Incredible Connection, JD Group, and Tekkie Town, among others.

~ Pepkor Holdings has a significant presence not only in South Africa but also in other African countries, including Namibia, Botswana, Zambia, and Lesotho.

~ In addition to its African operations, Pepkor Holdings has expanded internationally and operates stores in Poland, Australia, and the United Kingdom.

~ The company focuses on value retailing, offering affordable products across various categories such as clothing, footwear, homeware, electronics, and more.

~ Steinhoff International Holdings, a global retail conglomerate, is a major shareholder of Pepkor Holdings.