The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion. The following comments were published to out client platform yesterday evening.
Pepkor reached my prior long target and has since retraced with a print at multi-month lows.
Reviewing the weekly chart, the medium term trend has a high likelihood of accelerating to the downside.
From my perspective, the following are the key technical drivers:
- Technical structure similar to that of February 2020
- 14-Week RSI with a print of 42 and looking to breach support
- The price shifting below the flat-to-declining 40-week moving average.
Pepkor reached my prior long target and has since retraced with a print at multi-month lows.
Reviewing the weekly chart, the medium term trend has a high likelihood of accelerating to the downside.
From my perspective, the following are the key technical drivers:
- Technical structure similar to that of February 2020
- 14-Week RSI with a print of 42 and looking to breach support
- The price shifting below the flat-to-declining 40-week moving average.
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