Cup and handle has formed on PPC, where the price has retraced back to test the brim level.
The volatility is wild with this Penny Stock and the liquidity is also very low.
These are dangerous stocks to try buy and sell and wider stops and take profits are essential.
Also with MAs, they are in the twilight zone too as 7=21=200
RSI>50
Target R3.55
WARNING
W Formation formed previously as you saw.
And the signs were all bullish with MAs and RSI
But then there was a consolidation period forming a Diamond Formation, breaking down.
I guess, my bias is in a way changing to down - but I'm not convinced.
Even with the bank collapse, resource crash and crypto exchange debacle - PPC is holding quite solidly.
I will keep...
W Formation is still in effect with PPC.
7>21 - Bullish
Price > 200MA Bullish
RSI>50 >70- Bullish
Target R4.29
This is a patience game now.
Here's some facts about the company
PPC Limited was founded in 1892 as De Eerste Cement Fabrieken Beperkt and is headquartered in Johannesburg, South Africa.
PPC is the acronym for Pretoria Portland Cement, which is...
we have seen the market overal moving lower due to high inflation i guess the new normal in bieng priced in the stock marker there for we may see ppc finding value at the high liquidity zone
This Is A Speculation Of What PPC Could Be Looking Like For The Upcoming Months.
We Need To Wait For The Market To Seek The Liquidity Below Retesting On The 50% (RH_RL) (Price :460)
Or Price Will Reach For The 50% Of The Imbalance In Price (Price :417)
A Bullish Movement Should Be Expected
I'm Looking To Off-Load My Shares The 925 Level
DISCLAIMER ...
PPC has been forming a base since the middle of 2016 after a down trend. The downward stride has been broken. We see low volume on the down moves and increased volumes on the up moves (Signs of Strength). After a spring we see price finding support at the yearly pivot point. After a doji formed on increased volume, a bullish reaction and divergence with the...
