Price has finally broken above the Downtrend since November 2022.
Also the price formed a Scallop formation, which has broken up and out of.
Momentum is pointing up.
Other indicators confirm.
7>21
RSI>50
Target R20.10
ABOUT THE COMPANY
~ JSEPPH Pepkor Holdings is a South African-based investment holding company that operates in the retail sector.
~ Pepkor Holdings (went public as PPH in 2017) was founded in 1965 by Jan Hettema as a single clothing store in Cape Town, South Africa.
~ The name "Pep" was derived from the first initials of Jan Hettema's three sons, who were named "P"atrick, "E"dward, and "P"eter.
~ The company has a diverse portfolio of retail brands, including Pep Stores, Ackermans, Incredible Connection, JD Group, and Tekkie Town, among others.
~ Pepkor Holdings has a significant presence not only in South Africa but also in other African countries, including Namibia, Botswana, Zambia, and Lesotho.
~ In addition to its African operations, Pepkor Holdings has expanded internationally and operates stores in Poland, Australia, and the United Kingdom.
~ The company focuses on value retailing, offering affordable products across various categories such as clothing, footwear, homeware, electronics, and more.
~ Steinhoff International Holdings, a global retail conglomerate, is a major shareholder of Pepkor Holdings.
Also the price formed a Scallop formation, which has broken up and out of.
Momentum is pointing up.
Other indicators confirm.
7>21
RSI>50
Target R20.10
ABOUT THE COMPANY
~ JSEPPH Pepkor Holdings is a South African-based investment holding company that operates in the retail sector.
~ Pepkor Holdings (went public as PPH in 2017) was founded in 1965 by Jan Hettema as a single clothing store in Cape Town, South Africa.
~ The name "Pep" was derived from the first initials of Jan Hettema's three sons, who were named "P"atrick, "E"dward, and "P"eter.
~ The company has a diverse portfolio of retail brands, including Pep Stores, Ackermans, Incredible Connection, JD Group, and Tekkie Town, among others.
~ Pepkor Holdings has a significant presence not only in South Africa but also in other African countries, including Namibia, Botswana, Zambia, and Lesotho.
~ In addition to its African operations, Pepkor Holdings has expanded internationally and operates stores in Poland, Australia, and the United Kingdom.
~ The company focuses on value retailing, offering affordable products across various categories such as clothing, footwear, homeware, electronics, and more.
~ Steinhoff International Holdings, a global retail conglomerate, is a major shareholder of Pepkor Holdings.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.