PPC Limited 3 breakout patterns upside to R4.75W Formation has formed after 2 more breakout patterns before.
They are looking great for upside and the high probability trade is set with Price above both 20 and 200.
First target set at R4.75
Pretoria
PPC target has been extended to R4.60W Formation formed on PPC.
The price broke out of the downtrend since January 2024.
and we have further confirmation with price above both 20 and 200MA.
The target has therefore been increased to R4.60.
With the new building of the malls in South AFrica and the property boom, I don't blame a company like PPC to have invested interest from the shareholders.
PPC M Formation ready to break down to R2.37?M Formation has formed on PPC since November 2023.
This is a very risky trade analysis due to the high volatile nature of the share.
But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company.
Medium Probability Trade
Price<20 and Price <200MA
Target R2.37
