End of week 8Feb19. A week dominated by Resources. FTSE/JSE Allshare (JSE:J203) Top5 oversold/overbought according to 14day RSI indicator as follow:
Spending a few minutes on one of the most oversold companies of the week (according to RSI), namely....
PIK up 3.7% this morning after delivering a solid set of interim statemetns.
reported revenue for the H1 of R42.3bn(+6.4%)
Group turnover up 6.4%, with like-for-like turnover up 3.8%...
Volume growth of 3.5% and market share gains over six months...
1H gross profit margin 18.6% (18.6%) internal inflation held at 0.3% against CPI food of 3.5%...