Pick n PayAn update on the related idea dated 29/03 (see attached). Yesterday, JSE consumer staples showed relative strength versus consumer discretionary. - PIK (5727c) is breaking to the upside of a 12-month rounding bottom which also includes a smaller inverse head and shoulder as well as a pennant. The 5700c to 5730c level is looking to be cleared and should be held to trigger a buy/long. - Year-to-date, we the share has made a series of higher lows while the RSI is in a bullish regime with a 62 reading. - Temporary failure below 5518c - Target Range: 6180c-6340c - The share does appear elevated on a fundamental basis (PE of ~24x) however the price action is strong. Longby LD_PerspectivesPublished 2
Positive TrianglePIK continuing this triangle formation, monitoring it for a break up.Longby TradingMzansiPublished 2
Heading to test resistance againPIK has really really struggled with this resistance, hoping it can get moving.Longby TradingMzansiPublished 1
Pick n PayA chart from my weekly research report. Message me for full trade details, including whether it's long or short. by LD_PerspectivesPublished 110
Pick the payBuy the bounce off the bottom of trendline. If you caught this earlier, well played sir/mam. Longby serioussam81Published 113
PIK bull flag.Keep an eye on PIK for the bull flag to break. First tp R57 and second tp R61,50Longby jhwolmaransPublished 0
PIK - 1D - INVESTMENT STRATEGYPick and Pay is bouncing of major resistance at a level coming all the way from early 2017. Weekly stochastic is still showing overbought position. Although there is a small window to close to the top, i will wait for a pullback to about the R50 level before entering into a position.by AWPEARCE1Published 0
We have a Golden cross on PicknPayPerhaps PnP is starting to turn the tide. Monitioring the stock nowLongby VillageTraderZAPublished 2
#JSEPIK - 2nd Time lucky- After been stopped out in our initial long trade, the stock has gone and closed gap.. - The inverse head and shoulders pattern targets a measure move close to R70 , as long as bulls keep above R52... -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Original idea in link Longby Trader-DanPublished 111
PIK - Pick 'n Pay Stores Testing Neckline of IHSCurrently testing neckline of Inverse Head and Shoulders formation on the daily chart. Break of neckline at 5710 targets 6750 and has a full target of 7250.Longby TraderT1307Published 0
$PIK Pick & Pay. Falling wedge break. Important for PIK to claim 5670 overhead resistance to open a 6150 targetby KoosKanmarPublished 0
Pick n Pay - Trading off resistanceA strong bounce off the bottom of the current range and a golden cross looking likely with the 50MA set to cross above the 200MA. The first target would be the top of the current range at around R57.00, if broken to the upside and held, the second target would be around R64.50. Tight stop loss with a daily close below the current trading range around R49.30.Longby ChonkalonkaPublished 0
PICKnPAY - Possible Inverted Head & Shoulders- Price is settling up nicely above the 200 day moving average and if the general market continues to be buoyant , the inverted head & shoulders pattern could play out. - A close above neckline at R56.80 would confirm entry, a more aggressive entry will be at this level , stops below R50 - Measured move to R64.10 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 221
JSE-PIK: Watching for upside breakout (4hr)JSE-PIK: Watching a possible bull flag breakout. Levels to watch 5410 and TP 6425by TiggzzPhiUpdated 0
JSE:PIK- Break out stalling (4hr)JSE:PIK - Following the breakout, PIK has failed to break above the rising trend (Blue line) I am looking for 4965 then 5316by TiggzzPhiUpdated 1
$JSEPIK looking good$JSEPIK looking good, a nice pull back hitting the resistance for a long.Longby UnknownUnicorn1416836Published 2
JSE:PIK - Still holding above supportJSE:PIK - Continues to hold above the rising trend line Watching and position by TiggzzPhiPublished 1
Wedge continuationWe might see PLK going up once it break that triangle or wedgeLongby Mars_African_EmpireUpdated 7