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Writer's pictureLester Davids

PEPKOR Holdings (PPH): Approaching Measured Move Target - Monday, 26 August 2024

Real-Time: 12h08


Updated Chart: Now Trading +10%. As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits.


 

Previous Post (Wednesday, 24 July)


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

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