My last coverage on Pepkor was on the 12th of October 2022, link below.
I forecasted a more prolonged correction and gave a stop-loss for risky longs below 1878 and the stock has not disappointed.
Looking at price action, the correction looks more like a zigzag that is currently in wave ((c)) which is unfolding as an impulse and currently in wave (iv) of ((c)).
The stock is also trading in a descending (falling) channel.
I remain bearish in the short-term and with year end results expected in early May, I will look out for trading updates/statements to gauge sentiment.
I forecasted a more prolonged correction and gave a stop-loss for risky longs below 1878 and the stock has not disappointed.
Looking at price action, the correction looks more like a zigzag that is currently in wave ((c)) which is unfolding as an impulse and currently in wave (iv) of ((c)).
The stock is also trading in a descending (falling) channel.
I remain bearish in the short-term and with year end results expected in early May, I will look out for trading updates/statements to gauge sentiment.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.