Top5 oversold/overbought according to RSI & $JSEPIK
End of week 8Feb19. A week dominated by Resources. FTSE/JSE Allshare ($JSE:J203) Top5 oversold/overbought according to 14day RSI indicator as follow:
OMN 20
PIK 30
TON 31
DCP 31
VOD 32
$JSE:LON 84
$JSE:SGL 84
IMP 84
KIO 80
ARI 79
Spending a few minutes on one of the most oversold companies of the week (according to RSI), namely.
Technically if the bottom range hold, R67.50 seems likely, with the 50-day moving average as next target.
The company joined other SA Retailers, with some serious selling pressure, as the sluggish local economy hitting most consumers in the final quarter of 2018. Fundamentally the company don’t look too bad though and might just justify a short-term stab:
$JSEPIK Intl Emerging Market Peers
Forward PE 17.87 23.06
Forward PEG 0.97 1.84
Forward EV/EBITDA 9.01 13.10
Personally, I still prefer
SHP in this sector. Just tick a few more boxes for now.
OMN 20PIK 30TON 31DCP 31VOD 32$JSE:LON 84
$JSE:SGL 84
IMP 84KIO 80ARI 79Spending a few minutes on one of the most oversold companies of the week (according to RSI), namely.
Technically if the bottom range hold, R67.50 seems likely, with the 50-day moving average as next target.
The company joined other SA Retailers, with some serious selling pressure, as the sluggish local economy hitting most consumers in the final quarter of 2018. Fundamentally the company don’t look too bad though and might just justify a short-term stab:
$JSEPIK Intl Emerging Market Peers
Forward PE 17.87 23.06
Forward PEG 0.97 1.84
Forward EV/EBITDA 9.01 13.10
Personally, I still prefer
SHP in this sector. Just tick a few more boxes for now. Dagangan aktif
First target reached and breached - R67.50.Dagangan aktif
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.