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.
Price has moved nicely in PPC breaking though resistance, turning resistance into support, moving higher and repeating the price move, creating some nice opportunities to buy in pullbacks. I will add price appreciation is being supported with volume. There is potential near term resistance around @398 level. Look for the next pullback to initiate a long position.
PPC had a good run, and is now up against strong resistance at R3.44.There are multiple Bearish Engulfing candles on the weekly chart, and i suspect pullback to Fibonacci levels of at least 0.618. I will consider buying shares at these levels as shaded in green on my chart. If i were already in the trade, i would consider taking profits at this point....
PPC has hit a ceiling at around the R 3.25 price range which we identified as a major resistance. Closing off the week at just under 3 rand the share still looks very strong. If the share price breaks the R 3.25 resistance there might still be the R 3.50 which could be the last line of defense from a strong bull run. For now we can expect some moderate growth, at...
Andrew's pitchfork. beautiful reactions off of the median. heading to the lower bound and maybe beyond. not financial advice
A high volume buying climax in the last couple of day is playing out the accumulation range previously identified and we are now in the markup phase. See the post made in January below. However, the high volume is likely to be a buying climax that is likely to roll out into a trading range. This trading range is likely to be a reaccumulation trading range and...
If you didn’t buy in at the R1.80 point, its safer to wait for a pull back. Big news on PPC has contributed to the sharp rise in share price as PPC had a positive feedback on its debts as well as a surprise in earnings. This rally could continue for a week or two and we know how this story usually ends for new investors trying to catch the train. Strong support...
While they try to better their terms with lenders especially in DRC, PPC's price has found an upward trend. This is despite their likely being a share issue in store at some point around the corner. Recent leglislation changes might help boost revenues but more importantly, PPC needs govt to get on dat dumping from pakistan and co. Any way - I think the market...
Not liking PPC at the moment, positive channel being tested and indicators want to turn negative.
Hoping that the upward channel will hold and price will stay above 50dma
The positive channel seems to be holding, boosted by the good news that local cement has to be used.
PPC still sticking to this formation, monitoring possible break for entry.
Fundamentally a long term buy. Heavily overbought in the short term. Will consider entry after pullback to around R1.45 level. Also a potential rising wedge channel in the short term which is bearish.
Been waiting for PPC's next move, hoping the triangle holds and we can move up from here.
PPC has been showing abnormally high volumes since May 2020 as it was forming a bottom. Now after finalising the accumulation volume has increased even more pushing price higher and I am expecting a markup to start possibly reaching as high as R5 before reaching the next important decision point.
When looking at any share so close to it's all-time-lows is difficult to tell whether what you seeing is just another pullback in the bigger downtrend or whether the bottom is truly in. In the case of JSE:PPC it would appear that the worst is behind it (at least for now). But the big test is whether it can stay above the new Yearly Pivot @ 1.50 as a break back...