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PPC Limited

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PPCLY trade ideas

PPC - 1W - CLIMAXED, TIME TO RESTPPC 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. Unfortunately i am not. Stochastics show overbought positions, and i adjust my buying targets from R1.45 to about R1.60 from my previous chart.
JSE:PPCShort
by AWPEARCE1
1
PPC AnalysisPPC 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 worst perhaps a minor horizonal trend before breaking resistance. If thing go the opposite direction however there are some buy in points at R 2.50 and R 2.75. As always the further it stays away from the uptrend support, the better. And at this point it is at quite a distance.
JSE:PPCLong
by AfroTez
JSE:PPC Buying Climax?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 there is some space for the next major resistance. For now, we watch for the accumulation range to play out to see if the markup will continue.
JSE:PPC
by SteynTrade
PPC Analysis 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 currently at R1.80 and the test now is to see how long the share price can stay above this support until next earnings report. Buyers at R1.80 can sell or hold at this point, either way its a win. New investors should probably wait out the hype.
JSE:PPC
by AfroTez
1
Upward trend as PPC sorts its crap outWhile 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 sees that PPC is undervalued assuming things play out as expected. Their balance sheet should look a lot less crap and I reckon R2.50 is a fair target by OCT2021 for the expected shape of the company in 2021
JSE:PPCLong
by jamaadhir
6
Bottom or Pullback? Let's see: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 below it could spell disaster. On the other hand, a daily close above 1.85 could see more upside. Initially to the Yearly R1 @ 2.58 and eventually perhaps to the larger diagonal trendline above.
JSE:PPC
by FXAutomate
PPC analysis PPC lifting off by 200%+ from a low of 50c per share. Currently heading towards a resistance at R 1.80. What happens at this resistance line will determine if the share price continues to rise or turn into a dip. It came close but there was a bit of a reluctance to hit this price point and thus it rests on R1.57. Safe to say this can be seen as a peak and safer to make a decision whether to buy when/after the R1.80 price point is reached. As per previous information available on the charts, when PPC dips, it dips big! Its safer to wait for that dip.
JSE:PPC
by AfroTez
1