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...
The Pepkor Large Head and shoulders broke below the neckline and showed serious selling.
The trade has been a long hold but definitely worth it.
For 1, the price is moving down constantly - without any worry
2. We are making profits daily because of Short Interest income.
So I'm happy to hold the short to R16.00 or so.
On the SMC side (Smart Money Concepts)...
Pepkor Holdings Ltd. is a diversified retail group that has a significant footprint in Africa that is listed on the Johannesburg Stock Exchange. With over 5100 stores in 12 countries, Pepkor is truly a retail giant in Africa. The group has 17 store brands over the retail industry, ranging from affordable quality clothing outlets to high-class furniture outlets....
