Pick the payBuy the bounce off the bottom of trendline. If you caught this earlier, well played sir/mam. Longby serioussam81113
PIK bull flag.Keep an eye on PIK for the bull flag to break. First tp R57 and second tp R61,50Longby jhwolmarans0
PIK - 1D - INVESTMENT STRATEGYPick and Pay is bouncing of major resistance at a level coming all the way from early 2017. Weekly stochastic is still showing overbought position. Although there is a small window to close to the top, i will wait for a pullback to about the R50 level before entering into a position.by AWPEARCE10
We have a Golden cross on PicknPayPerhaps PnP is starting to turn the tide. Monitioring the stock nowLongby VillageTraderZA2
#JSEPIK - 2nd Time lucky- After been stopped out in our initial long trade, the stock has gone and closed gap.. - The inverse head and shoulders pattern targets a measure move close to R70 , as long as bulls keep above R52... -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Original idea in link Longby Trader-Dan111
PIK - Pick 'n Pay Stores Testing Neckline of IHSCurrently testing neckline of Inverse Head and Shoulders formation on the daily chart. Break of neckline at 5710 targets 6750 and has a full target of 7250.Longby TraderT13070
$PIK Pick & Pay. Falling wedge break. Important for PIK to claim 5670 overhead resistance to open a 6150 targetby KoosKanmar0
Pick n Pay - Trading off resistanceA strong bounce off the bottom of the current range and a golden cross looking likely with the 50MA set to cross above the 200MA. The first target would be the top of the current range at around R57.00, if broken to the upside and held, the second target would be around R64.50. Tight stop loss with a daily close below the current trading range around R49.30.Longby Chonkalonka0
PICKnPAY - Possible Inverted Head & Shoulders- Price is settling up nicely above the 200 day moving average and if the general market continues to be buoyant , the inverted head & shoulders pattern could play out. - A close above neckline at R56.80 would confirm entry, a more aggressive entry will be at this level , stops below R50 - Measured move to R64.10 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-Dan221
JSE-PIK: Watching for upside breakout (4hr)JSE-PIK: Watching a possible bull flag breakout. Levels to watch 5410 and TP 6425by TiggzzPhiUpdated 0
JSE:PIK- Break out stalling (4hr)JSE:PIK - Following the breakout, PIK has failed to break above the rising trend (Blue line) I am looking for 4965 then 5316by TiggzzPhiUpdated 1
$JSEPIK looking good$JSEPIK looking good, a nice pull back hitting the resistance for a long.Longby UnknownUnicorn14168362
JSE:PIK - Still holding above supportJSE:PIK - Continues to hold above the rising trend line Watching and position by TiggzzPhi1
Wedge continuationWe might see PLK going up once it break that triangle or wedgeLongby Mars_African_EmpireUpdated 7
JSE:PIK Pick n Pay BackupAfter a distribution trading range that started in 2016, we have seen a markdown of PicknPay. This has resulted in a high volume selling climax (SC) and automatic rally (AR) back to the trading range. Price can be expected to range at these levels before breaking lower to continue the markdown. We will watch the development of the new trading range.Shortby SteynTrade9
PICK n PAY - Up against resistance - Retailers have had a decent relief rally of late - Price is up against the down trendline - Possible scenario is it sells off from here or consolidates first then weakens - A close above R70 negates the view (rather use a wider stop loss + smaller position with this current volatility) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:PIKShortby Trader-DanUpdated 10
JSE STOCKS- PICK N PAY LTDExpecting the stock to maintain it's bearish momentum until it reaches the SR zones beneath.by Xnfs175
PIK (Long Term View)Pick n Pay (PIK) Has breached the 5595c level, opening up 4832c as a first target. Should the first target fail to hold, 3732 comes into play as an extended/stretch target. Watch the monthly chart RSI – it’s looking to break support, which is a negative technical signal. Shortby LD_Perspectives7
Earnings Euphoria over for PIKThe earnings provided impetus to drive the price to a price magnet which was the upper boundary of the long descending channel that started in April 2018 but was confirmed around April 2019. This boundary also aligns with the weekly SSA (although SSA is a weak significant zone but it adds to the confluence) and the monthly Kijun (although it is slightly lower but again it adds weight to the thesis). This is a long term trade with 3 profit targets,the 1st two targets are the weekly Kijun and Tenkan. The 3rd target should have been on the lower edge of the channel but i was conservative and put it at a higher high (to the lows of August) round number area,which could be a good price magnet. The stop loss is at a frustrating area due to the massive rejection we had at the close of the week but prudence dictates we should put our stop slightly higher than that last high. So it means we adjust our position sizes to suit that. Entry: 3 positions at las weeks close 6674 SL: 7018 TP1: 6349 TP2: 6017 TP3: 5600Shortby taftraderUpdated 6