PICK n PAY - Long IDEAPIK is presenting a great RISK/REWARD entry here for a short term trade or to add to longer term holdings. Volume has PIKed up considerably today and oscillators are perking up. NB this is countertrend so one can always begin a starter position and add as it plays out.Longby Trader-Dan3
Pick n Pay big bearish formation with a runaway gap to R38.42Bearish box has formed over the last couple of months with Pick N Pay. The price broke below the support and made a runaway gap. This is a gap that runs in the direction and accelerates down the trend. This is very bearish for the stock 200 >21>7 RSI<30 Target R38.42 Shortby Timonrosso111
Pick n Pay (PIK) Setting Up a TopPick n Pay price has fallen out of the rising wedge and has made several attempts at re-entry without success. Now watching price action into ex-dividend date likely to result in a top & see price move downwards. The downward pull is expected to drive price to or below the blue trendline. If price goes below the blue trendline & goes lower than 27 September it opens a bigger door to testing the R43 level into March/April 2023. Shortby runyamhereUpdated 0
$JSEPIK: Pick This Stock N You Will Pay....DearlyI probably do more grocery shopping at PnP than at any other store but it is one food share I avoid at all cost for investing. The share price performance over the last five or so years has been underwhelming and continues to do so. The company released a trading update for the 43 weeks ended 25 December 2022 today and despite improvements in sales, Mr Market did not seem to like it by gapping lower at market open and the share is still under pressure. Load shedding is also providing major headwinds with diesel generation costs sky rocketing as the electricity crisis worsens. All that said and done though, the technical picture is not any better. This is not the best trending stock with price action very choppy and generally sideways. The lows of August 2020 and March 2022 provide a two touch point support trendline where I will be looking for price to react. The Group plans to release its financial results for the 52 weeks ended 26 February 2023 (FY'2023) early in May 2023 and until then, I will sit on my hands on this one.by Loyiso_BlaqueSoros_Mpeta0
Pick n Pay - OversoldPick n Pay has been sold off (pre-earnings) and is in oversold territory. A trade update is still to be released but it may present an opportunity to go long if the market has 'overreacted' here. Price is also at a key retrace / support level.by Trader-Dan0
PIK: some downside?A price action below 6330 supports a bearish trend direction. Crossing above this level will negate the bearish stance. The Elliott wave count supports wave c which is a correction. Downside target set at 5760, which is close to its 200-day and week simple moving average. Remains a risky trade. Shortby Peet_Serfontein1
PIK: recovery trade?A prie action above 5580 supports a bullish trend direction. Crossing below this level will negate the bullish view. Also starting to retract from the lower range of the linear regression channel pattern, supporting upside potential. The target might be 6320. The 200-day acted as some major support. Longby Peet_Serfontein0
PIK - 1D - PICK & PAYI Refer to my analysis dated 7 August.Trade has played out perfectly, and will now adjust stop loss according to current price action.by AWPEARCE13
PIK - 1D - PICK & PAYPrice has crossed over the 21ema. Stochastics and Macd are giving buying signals. We are looking at about a 9% return to the top of the sideways channel, with a small stop loss.Longby AWPEARCE11
PIK(1) Momentum has turned lower following rejection at prior swing highs. (2) Looking for breach of incline support. (3) Threatening breach of monthly pivot at 5664c. (4) Previous sell at 5931c on 28 April saw move to 5145c. Trading Levels: Sell at 5701c Target: 5315c Stop-loss: 5905c For more research, including trade ideas, get in touch today. Shortby techpers1
AG Capital -Storm trading Morning Call 17 May 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.02:42by Mike_Ledwidge113
PIK: mean reversion trade?Above 4300 supports a bullish trend direction. Crossing below this level will negate the bullish bias. Upside price momentum supports the bullish trend. At the lower range of the linear regression channel pattern - this increases the likelihood of a mean reversion trade. MACD crossover supports a change in trend direction to bullish. RIS leaves enough room for further upside price potential. Remains a risky trade. Longby Peet_Serfontein0
PicknPay - LONG idea- Pick n Pay chart is offering a low risk entry for a long trade towards the swing highs ... - Defensive play in the current global market volatility - TP and SL on the chart -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-Dan112
Pick n PayPrice testing the underside of an upward channel; which (if it doesn't hold) may as well turn out to be a giant bear flag, with 45 & 40 being possible targets.by Innocentmaponde1
PIK: temporary weakness?Downside price momentum supports the bearish trend. Below 5900 supports a bearish trend. RSI leaves enough room for further downside price potential. MACD bearish crossover applicable. Profit target: 5300Shortby Peet_Serfontein1
PIK channelPIK trading in a small channel. It is going ex div on 2 Jun. If price moves down to the lower channel i will look for a reversal to go long. Ideas are my own and not financial advice. Longby jhwolmarans0
Pick n PayAn update on the related idea dated 29/03 (see attached). Yesterday, JSE consumer staples showed relative strength versus consumer discretionary. - PIK (5727c) is breaking to the upside of a 12-month rounding bottom which also includes a smaller inverse head and shoulder as well as a pennant. The 5700c to 5730c level is looking to be cleared and should be held to trigger a buy/long. - Year-to-date, we the share has made a series of higher lows while the RSI is in a bullish regime with a 62 reading. - Temporary failure below 5518c - Target Range: 6180c-6340c - The share does appear elevated on a fundamental basis (PE of ~24x) however the price action is strong. Longby LD_Perspectives2
Positive TrianglePIK continuing this triangle formation, monitoring it for a break up.Longby TradingMzansi2
Heading to test resistance againPIK has really really struggled with this resistance, hoping it can get moving.Longby TradingMzansi1