this video entails some of the large Assert Management Companies here in South Africa every week we are going to look at a specific sector on the JSE and try and break it down to find investment opportunities
im not a professional speaker but ill try to improve quality and analysis as time goes on
In a previous post (See link below) the theory that PSG is being distributed by the large investors was put forward. We are now seeking the start of the markdown in Phase E of the distribution and there is likely to be more downside to come.
PSG has been in a trading range (TR) since the end of 2015 that seems to be showing to be a distribution TR. We have seen a change of character with some significant declines and now after a retrace this could be a last point of supply (LPSY). We can potentially se a significant decline breaking below the TR to follow.
PSG was in an accumulation TR and is currently breaking out. After a last point of support (LPS) and back up (BU) to the TR we now see a break out with some volume indicating the markup has started.
PSG Group has been ranging since a selling climax (SC) in January 2018. Recently there was a change in character after a breakout of a small trading range with a minor sign of strength. Price has marked up to the top of the trading range defined by the Automatic Rally (AR) after the SC. However, supply is seen with some effort without response also indicated by...
