PPC attempting a reversal here. Next hurdle to be overcome by buyers is the 260c area; but it is the 300c that must be cleared to 'confirm' the reversal.
To say a lot has happened at PPC over the last two years would be an understatement.
The group has sold of a few non-core assets and most importantly, slashed its debt load.
The fundamental picture in South Africa is starting to look positive on the infrastructure spending front.
From an EWP perspective, from the November 2020 low of 43 zac, the share rallied in...
PPC has currently broken its downtrend after a rather wobbly hold of the 2 - 2.05 region. Should we get a positive follow through, next target is around 3.55.
Of course, we could see a retest before the next leg higher, but stop loss will be placed on a close below 2.20 now.
Not for the faint of heart.. In a downtrend for sure, but has held onto 205 support and forming what looks like wedge. First hurdle to break is 2.40 - 2.45 and thereafter one could look for a bullish break of the wedge to the upside. Tight stop loss, probably on a close below 2.00
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
PPC is a company listed in the JSE .
if how ever you were looking at the right time to buy PPC shares
there is no perfect time than this
cording to my technical analysis provided above it is very clear
that the price broke the Chanel and there is a a change of structure
the price have doped now to retest the broken Chanel
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 been trading in a bullish flag channel for the last 30 trading days, expecting a breakup soon,
reward to risk 1.5:1
*Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
In overbought territory - confirming an overextended price action to the upside.
RSI therefor leaves enough room for further downside potential.
Upside momentum peaked - also supporting a bearish trend.
A price action below 600 supports a bearish trend.
$JSEPPC had more of its fair share of attention in the media during the past week, in my view, and I am not all too sure if it was for the right reasons. As I see things, the two main points were the actions of the Public Investment Corporation (PIC), who sold a great part of its holding in PIC below 50c per share not so long ago, and is now buying at well over...
A price action below 370 supports a bearish trend direction.
Strong downside price momentum supports the bearish trend.
Target: 300 (lower range of the Bollinger bands).
Stop-loss: a break above 370.
MACD bearish crossover.
This suggests a strong trend gaining strength.
Hi everyone, this is my first attempt at publishing. For the past couple of months, we have had a tremendous spike in the price of PPC . But is it time for a correction back to the daily or even weekly EMA . If the price can hold at 334 then could potentially continue with the uptrend.
