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$JSEPPC - PPC Ltd: 209 Holds The Short-Term KeyThe last coverage of PPC was on 2022.12.01 link below. The bigger picture outlook is still the same. The bounce from 186 to 355 has been in three waves so there is still potential for further downside. In the short-term, the key level to watch is 209 as a break below it could price below 186 for wave ((z)) of 2. If 209 holds and price pushes towards 355, that will open the door for a potential leading diagonal from 186. In the meantime I will sit on my hands and monitor price action.
JSE:PPC
by Loyiso_BlaqueSoros_Mpeta
PPC trade update - still looking good for a long to R4.29W Formation is still in effect with PPC. 7>21 - Bullish Price > 200MA Bullish RSI>50 >70- Bullish Target R4.29 This is a patience game now. Here's some facts about the company PPC Limited was founded in 1892 as De Eerste Cement Fabrieken Beperkt and is headquartered in Johannesburg, South Africa. PPC is the acronym for Pretoria Portland Cement, which is the original name of the company. The company operates in six African countries, including South Africa, Zimbabwe, Botswana, Rwanda, Ethiopia, and the Democratic Republic of Congo. It produces a range of cement products, including Portland cement, Surebuild, Rapid Hard, and 3Q Mahuma, which are used in a variety of construction applications. The company has a strong focus on sustainability and has implemented a range of initiatives to reduce its environmental impact and promote social development in the communities where it operates. It has a market capitalization of over ZAR 2 billion as of March 2023.
JSE:PPCLong
by Timonrosso
$JSEPPC - PPC Ltd: A Turn Around Story On The Horizon?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 five waves to peak at R5,91. The correction from that peak has thus far unfolded as a double zigzag (w)(x)(y). The bounce from R1,86 has unfolded in three wave so far and is tentatively labeled (x)?. Until we get a clear five wave advance, its best to sit on your hands for now. As long as price holds above 43 zac, the bullish wave 1-2 outlook remains valid.
JSE:PPC
by Loyiso_BlaqueSoros_Mpeta
PPC 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 : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research (DYOR) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
JSE:PPCLong
by Prof_Invests_ZA
$JSEPPC Cemented For More Growth?$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 R5-00. The second issue is that government has decided that only local cement may be used in projects of all levels of government. With so many blunders under their belt during the recent past, I am not sure if the involvement of the PIC would be of any benefit to the share price. On the contrary, it would make me more cautious. I have read that 12% of cement used in our country are currently imported. With a total of six companies in this business, how much could this new regulation help each one of them? As for an increase in economic activity not only locally but world wide as well, I think the jury is still out on that one. Having considered the above, I would prefer to look at charts rather and for a really longer term view I always prefer the monthly chart. However, you could do yourself a favour and look at the daily chart as well. With a number of technical indicators this counter is now grossly overbought and certainly needs some cooling off. Then even on the weekly and monthly charts matters look only slightly better, precisely for the fact that the share had an enormous rally over the last year or so. The biggest concern to me currently is that there is a reverse divergence between the price and the RSI not only on this chart, but on the weekly as well. A certain sign to me that the price might be hitting a wall soon. Lastly, I want to mention another one more concerning thing. In April 2020, after many hours of research, I wrote an article on my blog coming to the conclusion that most listed shares (75%) are, over time, actually wealth destroyers. Having watched hundreds upon hundreds of longer term charts over a number of years, it seems to me this company will always qualify for that group as well. It has been 14 years since PPC was on a high of over R33. There are a big lot of charts looking like this one, but the counters who do make it back to former glory, are really the exception rather than the rule.
JSE:PPCShort
by dawievdwest