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Jsepph

Pep broken above the 8 month downtrend Target R20.10Price 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.
JSE:PPHLong
by Timonrosso
TRADE UPDATE: Pepkor is still short and winning but can move upThe Pepkor Large Head and shoulders broke below the neckline and showed serious selling. The trade has been a long hold but definitely worth it. For 1, the price is moving down constantly - without any worry 2. We are making profits daily because of Short Interest income. So I'm happy to hold the short to R16.00 or so. On the SMC side (Smart Money Concepts) It is showing some upside to come. We have had a BOS (Break Of Structure) to the upside as the previous candle closed above the wick of the previous candle. This tells us there is a shift in the market where we can get some upside. However, it will be short lived to around R18.30... Then we can expect the price to turn back down and head to our target.
JSE:PPHShort
by Timonrosso
More Upside Before The Next Wave DownPepkor Holdings Ltd. is a diversified retail group that has a significant footprint in Africa that is listed on the Johannesburg Stock Exchange. With over 5100 stores in 12 countries, Pepkor is truly a retail giant in Africa. The group has 17 store brands over the retail industry, ranging from affordable quality clothing outlets to high-class furniture outlets. The group supplies an extremely wide range of products over various retail sectors. It is their vision to supply African consumers with all of their basic needs and through their various stores, they are not too far from reaching that goal. Pepkor Holdings owns Incredible Connections, HiFi Corporation, Tekkie Town, Timbercity, Rochester and of course Pep (to name but a few). Technicals Looking at the weekly time frame, I am expecting price to break the high of wave 1 before starting wave 4 to the downside. The H4 chart shows a corrective structure which broke to the upside. This ties in with the weekly view that there is more upside to come.
JSE:PPHLong
by Linton_White