PepkorJSE:PPH is now trading below the previous support level. The stock might continue to fall to ~ R16/share. No (long) position.
PPH trade ideas
Head and Shoulders on Pepkor with strong downside to R16.38Head and Shoulders formed on Pepkor a few days ago.
The price broke below the neckline accompanying with other bearish signals.
200 >21>7 MA- Bearish
RSI<50 - Bearish divergence with lower highs
Target R16.38
ABOUT THE COMPANY
Pepkor was founded in 1965 by Renier van Rooyen and his wife, Elsie.
The company started as a small clothing store in Cape Town, South Africa, and has since expanded to become a major retail conglomerate.
Pepkor operates various retail brands, including Pep Stores, Ackermans, Shoe City, John Craig, Dunns, and Tekkie Town.
Pep Stores is the largest retail brand in the Pepkor group, with over 2,200 stores across Africa.
Ackermans is another major retail brand in the Pepkor group, specializing in clothing and homeware.
Shoe City is a shoe retailer with stores across South Africa.
John Craig is a menswear retailer with stores in South Africa and Namibia.
Dunns is a clothing and homeware retailer with stores across South Africa.
Tekkie Town is a footwear retailer with stores across South Africa.
Pepkor weaknessJSE:PPH is now trading below the (badly drawn) support level, if the stock close below this level by the end of the week we might see it touch R16.50-ish.
No position.
PepkorJSE:PPH looking weak. Just shy of 24 months consolidation, a Stage 3 breakdown will be horrible for holders. Should we blame JSE:SNH ?
PPHThe 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 PEPKOR trading inside a range a bull flag currently at play we might see price moving higher from this as momentum tries to build
PPHPPH - 28 July initial buy/long idea at 2015c
Consider buy/long re-entry on further pullback toward the 2125 to 2160c range.
Bearish Engulfing on PPHA bearish engulfing, which is a top reversal signal, has formed on JSE:PPH . It also looks like the stochastic and MCD and stochastic are about to signal a short very soon too.
We are looking for a downward move all the way to the target at around the 21.25 level.
$JSEPPH-Pepkor: More Consolidation To Come?PPH made a strong recovery from the post covid-19 sell-off low at R9,31 to peak at a new all time high of R27,59.
The rally does seem to be unfolding in a 5 wave pattern with the all time high being the terminal point of wave 3.
Wave 3 is extended relative to wave 1 and wave 2 was a sharp and swift zig zag correction.
Using the guideline of alternation and the fact that wave 3 is extended, we may anticipate a triangle or a combination pattern for wave 4 implying further, prolonged consolidation.
A key level to watch in the near term is R18,78 and any long positions opened at current levels should consider this price as a stop-loss.
PPH ShortA short position has been triggered on JSE:PPH signaled by the bearish engulfing formed last Friday. Looking to reach a target at the low reached on 26 May 2021.
PPH - 1W - PEPKORLooking to enter trade at the breakout of the falling wedge at 22.20. Pricing above EMA21 on the daily chart, and momentum positive. MACD crossing over to the top. Have a target of 10% and then 24% on this trade. Pullback into the wedge formation, will negate this trade.
PPH - 1W - PEPKORLooking to buy at the breakout of the falling wedge. Price above the EMA21.MACD crossing over on the weekly chart. Will enter trade at 22.20, and have a target of 10% and then 24% to the upside. A Pullback into the wedge formation will negate this trade.
PPH in a 7 month dist/accumuation patternPPH is coiling up at the yearly moving average and has been in a box pattern for around 7 months now,
Strong closes below R19,00 bearish
Strong closes above R24.00 bullish
alerts have been set for the breakouts
AG Capital -Storm trading Morning Call 5 May 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Bullish Engulfing on PPHJSE:PPH is showing a Bullish Engulfing Candle pattern and is looking god for a long position. If it breaks through the R22.50 level, I will enter long.
Pepkor - shortJSE:PPH is showing signs for a short position. I will enter short if it continues in this direction.
(Swing) Long Idea: Pepkor Holdings (PPH)Swing Long Idea: Pepkor
LAST
= 2279c
LONG PIVOT
= 2292c
STOP-LOSS
= 2209c
TARGET
= 2470c
Key Trading Levels For Buy/Long Opportunity
The highlighted levels may or may not trigger during the upcoming trading session.
Blue Lines = Bullish Reversal Pivot
Required: Needs to hold above the pivot with intraday strong bids.
TF = Short Term
PepkorWith most people exited about Pepkor's latest acquisition in Brazil, I can't help but notice a bearish Head & Shoulder technical pattern developing on the daily chart; which will be confirmed a break of 2100c support area.
Market generally doesn't like acquisitions; could this be an exception?
@VIllageTraderZA Pepkor offering a great Risk reward tradeWhen they say buy the dip, they mean buy the support line that hold and has held few times before. such is the cash on pepkor
AG Capital -Storm trading Morning Call 14 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
@VIllageTraderZA Pepkor back above the the 50 day EMAThe stock is back above the the 50 day EMA.
Holding the uptrend support with a doji.
I will build a position with an initial 1% risk with 52.5 shares
Nice BounceLiking the bounce of Pep of the bottom of the positive channel, could be give a nice up swing, hoping indicators follow.
