Pushpay declines on rumoursPushpay (-10.6%), the church management software company plunged to $1.10 after rumors surfaced that its buyout would not be progressing.
Pushpay would not confirm or deny the rumor, although noted that they were aware of the market speculation and were abiding by its NZX continuous disclosure obligation.
A cooperative bid from BGH Capital and Sixth Street Partners for Pushpay was fielded in May, but no definitive agreement was struck. The bid for Pushpay came at a time when the company reported that it had made significant progress on its growth strategy, with its full year revenue increasing from $249m to $322m
However, PPH has been unable to retain a share price close to its May high of $1.50, and the non-binding bid may be renegotiated lower before a buyout can progress.
PPH
PPH $1.17 ready for the breakBit of a messy one, but looks like theyve got control again
Ready to move out, target in blue
Holding
PPH (PHARMA ETF) SELL TILL 66Time to unload strategically pharma stocks for 6-12 months.
66 first target
PPH.ASX_Range Breakout_LongENTRY: 1.73
SL: 1.62
TP: 1.92
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of down trendline and HVN with high volume on 24 Aug 2021.
- Retraced with lower volume and tested down trendline a few times.
- Breakout of range with high volume today.
Pharma ETF - bull divergence!As the PPH dropped 15% below the 200sma, OBV barely moved lower compared to the drop. (Between purple vertical lines). This is considered a Bullish Divergence .
Now with a strong pullback, we are half way to reach past highs; but this time with an OBV we have not yet seen since Feb, 2018.
Ready to buy the dip!
PPHAll about Suuport and Resistence Will it break or will it bounce off ?
What are Earnings on this ?
What are the prospects ?
In this Setup i lean towards Hitting Bottom Target
Will See
More Upside Before The Next Wave DownPepkor Holdings Ltd. is a diversified retail group that has a significant footprint in Africa that is listed on the Johannesburg Stock Exchange. With over 5100 stores in 12 countries, Pepkor is truly a retail giant in Africa. The group has 17 store brands over the retail industry, ranging from affordable quality clothing outlets to high-class furniture outlets. The group supplies an extremely wide range of products over various retail sectors. It is their vision to supply African consumers with all of their basic needs and through their various stores, they are not too far from reaching that goal. Pepkor Holdings owns Incredible Connections, HiFi Corporation, Tekkie Town, Timbercity, Rochester and of course Pep (to name but a few).
Technicals
Looking at the weekly time frame, I am expecting price to break the high of wave 1 before starting wave 4 to the downside.
The H4 chart shows a corrective structure which broke to the upside. This ties in with the weekly view that there is more upside to come.
Still 50/50 on PPH - ASXIf you look at my related idea, you can see $PPH wicked perfectly off the 50 fib retracement. This is regarded as a 'healthy' pull back. It also wicked into an OB for some liquidity.
However, not overly convinced as of yet. Temporarily bullish due to fisher break and RVGI reset. If PPH moves sideways through trend line, builds more volume as support, we could see it pop off again.
Otherwise, $2.60 - $2.90 are buys. currently neutral on PPH. Awaiting further data.
$PPH 'right to try'I expect big pharma to love the opportunity to get the chance to trial drugs on humans using informed consent as djt just signed the 'right to try act'.
Should be good for them and the terminally ill tbh
GL HF
xoxo
snoop
