PIK what a sad story Def think value is there good buy at around 17
Since the last update, we established Pick N Pay formed this M Formation which we were anticipating a break down. The break down took place and we were initially hesitant as we expected conservative testing of resistances and demand zones. But the fundamentals caught up to Pick N Pay, and the price continued its slump. The company is struggling with the...
Rounding bottom or C&H is forming on PIK. Whichever price breaks up and out of will give a strong buy signal. Other indicators are confirming upside. 7>21 but price is still <200MA. We can expect the price to move up to rebalance with the 200MA which acts as an elastic. RSI>50 Target R52.26
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
pick and pay broke out of the box range a bullish pattern at play
Buy the bounce off the bottom of trendline. If you caught this earlier, well played sir/mam.
Pick n Pay may see some upward movement in the coming weeks ahead