top of page
Writer's pictureLester Davids

PEP In Your Step. A Clean Rally Off The 21-Week

Wednesday 20 November 2024 (Time: 11h04)

  • My Trade Setups screen highlights several opportunities across various technical strategies.

Chart below = 'Current'


 

Previous Post: PEPKOR: Target Reached, Now Unwinding From Overbought + Model Reading In Line

Friday 08 November 2024

Time Published: 11h04

The Tactical Trading Guide helps traders assess reward-to-risk and uncover opportunities.

PPH stopped going up on Friday 27 September. In other words, the aggressive buying in the share ceased which was subsequently followed by a slow retracement. if you are following the TTG, you will have noticed the readings warning traders regarding the poor buy/long reward-to-risk.


Have a look at the medium term reading i.e. (approximately 2 to 4 weeks) - 'do not enter buy/long + unappealing reward-to-risk'

Have a look at the long term reading i.e. (approximately 5 to 8 weeks) - 'short setup'


Also, as highlighted on Monday 30 September. As you will have noticed, both the daily and weekly time frames pointed to overbought technical regimes.


What does the current model reading say?


 

Previous Post: FULL TARGET REACHED

Friday, 20 September 2024

Real-Time: 09h15



 

Previous Post

Pre-Market

Ticker: PPH


Now trading +12%. Traders could look to bank/take profit as it approaches the measured move target.



 

Previous Post


The share is looking to emerge from a consolidation range, with the measured move being 2323c. The setup is invalidated below 1897c. Last close: 1989c.


Note: The breakout could develop over a few days/weeks hence some patience may be required.


Lester Davids

Analyst: Unum Capital

5 views0 comments

Recent Posts

See All

Comments


bottom of page