PPC Limited 3 breakout patterns upside to R4.75W Formation has formed after 2 more breakout patterns before.
They are looking great for upside and the high probability trade is set with Price above both 20 and 200.
First target set at R4.75
PPC
Another 2 major BUY signals for PPC Limited to R4.75It's always great when you don't only get one Bullish breakout signal, but two more!
Another W Formation has formed along with a strong uptrend driving the price up.
So with this accompanied with Price>20 and Price>200 - make sit a HIGH probability analysis.
The first target remains at R4.60 and the second target at R4.75.
BULLISH
Just look for what is outperforming the S&P 500The market started to rotate in early July to more conservative sectors and AMEX:DBA is showing that agricultural commodities have been outperforming stocks.
The ratio SP:SPX / AMEX:DBA made a lower high starting August and then just days later broke a key support level.
Then the AMEX:DBA broke above a downward trendline.
Is this the start of new trend? At least it is in the short term.
The are some stocks in the food industry that are looking good like NYSE:TSN and $INGR.
Even NYSE:PPT is doing all time highs after a 20-year base!
PPC target has been extended to R4.60W Formation formed on PPC.
The price broke out of the downtrend since January 2024.
and we have further confirmation with price above both 20 and 200MA.
The target has therefore been increased to R4.60.
With the new building of the malls in South AFrica and the property boom, I don't blame a company like PPC to have invested interest from the shareholders.
UPDATE: PPC shifted the analysis to upside target at R4.26W Formation formed on PPC and there has been a breakout of the downside since December.
The M Formation that formed I expected to breakdown never confirmed and so, the analysis has switched.l
It's not easy making analysis probabilities with low liquid penny stocks like PPC.
Funny I never thought PPC and Penny Stock would be in the same sentence but here we are and it shows how unpredictable markets are.
Price>20 and Price>200 - HPT
Target R4.26
M Formation on PPC target set to R2.64 - High probabilityThis is an update on the last analysis made for PPC.
There was a Larger M Formation that took place earlier where the target was arounf R2.37.
But now with the new M Formation, we can raise the target a little bit higher to R2.64.
Price<20 and Price <200MA which sets a high probability analysis...
Target R2.64
PPC M Formation ready to break down to R2.37?M Formation has formed on PPC since November 2023.
This is a very risky trade analysis due to the high volatile nature of the share.
But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company.
Medium Probability Trade
Price<20 and Price <200MA
Target R2.37
🐔💼 Pilgrim’s Pride Corporation (PPC) Update! 📈🌟📊 Key Points:
New Leadership: Ivan Siqueira appointed as president of Pilgrim’s Europe to enhance synergy and growth.
E-commerce Growth: PPC experiences a 48% sales increase in 2022, with e-commerce now constituting 23% of revenue from branded products.
Mexico Business: PPC's Mexico business shows improved results despite market challenges, benefiting from strong brands and key customer relationships.
📈 Outlook and Targets:
Bullish Sentiment: Positive developments drive bullish sentiment for PPC.
Upside Target: Set at $50.00-$52.00, reflecting confidence in future growth.
Entry Point: Bullish outlook above the $29.00-$30.00 mark.
🚀 Potential for Growth: With strategic leadership appointments, e-commerce growth, and resilient business performance in Mexico, PPC is positioned for continued success and potential stock appreciation. 📈🐔 #PPC #BullishOutlook 🌟📊
PPC made a bad turn taking it to the next target R2.37M Formation has recently formed on PPC.
We are seeing negative signs more than positive.
On Tuesday, the price crossed below the 200MA which confirmed downside to come.
Now we can expect a test and a consolidation period before further downside, but well need the price to cross and close below the 200MA first.
Target R2.37
UPDATE: PPC Cup and Handle to a Diamond snoozing formationSince the price broke above the brim level for PPC, it's since formed a DIamond FOrmation.
There are TWO scenarios we can see:
A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside.
A bearish Diamond broadening pattern, where the price breaks below the support of the diamond formation.
TIPS FOR BOTH
It is common to see Diamond formations to form in up or down trends and then break either way. So we do need to wait for the breakout.
I am cautiously optimistic as the previous trend was up, the price is above the 200MA.
And so the target remains at R4.40.
PPC major Cup and Handle with target to R4.40PPC hit our initial target at R3.50.
It then confirmed a breach above the neckline from the larger cup and handle formed since March 2023...
Now there is a slight consolidation before the upside to continue.
We see the moving averages are perfectly aligned where 7>21>200
And the RSI>50 and making higher lows.
New target will be at R4.40
UPDATE PPC hit target at R3.55 and next target even higherTHe first Cup and Handle formed and the target was set to R3.55.
Last week it hit it and in the pipeline another LARGER Cup and Handle formed.
With the Moving averages all looking up 7>21>200 and with RSI making higher lows.
The next target will be set to R4.40
Very bullish for PPC
UPDATE: PPC shows upside still with a warningCup and handle formed on PPC from our last update.
The price broke above and went up very nicely.
The chances of it going up are still higher but we need to be warned with the JSE ALSI 40 choosing a direction down...
7>21>200
RSI>50
Target remains at R3.55
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
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 W Formation new target to R4.29W Formation has formed on Daily with a striking up candle breaking above the neckline.
With MAs we have 7>21 - Bullish
Price > 200MA Bullish
RSI>50 >70- Bullish
Target R4.29
Concerns:
The 7>21 is still below the 200MA which signals the downtrend is still in place.
Spectacular setup herePPC-USD corrected before BTC-USD did and has established the bottom before BTC-USD. This can be see by rising PPC-BTC over the last couple of months.
This chart looks incredibly bullish, and given the 8:1 R:R ratio I'm inclined to take the offered swing.
Peercoin celebrates 10th anniversary later this month.
PEERCOIN PPC USD : MULTI YEAR BULL FLAG 4000% TARGET $11 PEERCOIN PPC is another one of those hidden gems that are in a major bull flag pattern. Peercoin has been around for a while and the team is still active and working on this project. Huge potential here for some massive gains. MACD, RSI, and BBWP are showing a massive move is coming. I think this is a good time to accumulate and hold for the next big run. Great fundamentals and the chart looks great as well. This is not financial advice just my opinion. I have charts on other hidden gems that I have found with some serious reward potential. Check them out. If you find this content useful then please leave me a like and follow me for more updates and analysis. Thank you and good luck out there.
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
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Peercoin PPC $2.12 next stopGreat 30% retrace. Lots of momentum here. This is one of the original 6 altcoins dating back to early 2013. A fully diluted supply of 26 million coins, of which we believe 8 million are lost.
