PPC showing strong upside to come with WARNINGCup and handle has formed on PPC, where the price has retraced back to test the brim level.
The volatility is wild with this Penny Stock and the liquidity is also very low.
These are dangerous stocks to try buy and sell and wider stops and take profits are essential.
Also with MAs, they are in the twilight zone too as 7=21=200
RSI>50
Target R3.55
WARNING
Jseppc
UPDATE: PPC Diamond Formation formed after consolidationW Formation formed previously as you saw.
And the signs were all bullish with MAs and RSI
But then there was a consolidation period forming a Diamond Formation, breaking down.
I guess, my bias is in a way changing to down - but I'm not convinced.
Even with the bank collapse, resource crash and crypto exchange debacle - PPC is holding quite solidly.
I will keep my target at R4.29
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.
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:PPC PPC Limited Showing Signs of StrengthPPC has been forming a base since the middle of 2016 after a down trend. The downward stride has been broken. We see low volume on the down moves and increased volumes on the up moves (Signs of Strength). After a spring we see price finding support at the yearly pivot point. After a doji formed on increased volume, a bullish reaction and divergence with the Volume RSI the expectation is for a bullish move to the recent highs at R9 and possibly as high as the next volume cluster at between R11 and R12.