Strategy: Opportunities At The 21-Week

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Buying into the 21-week exponential moving average. This is one of my favorite setups.

I initially published the buy idea for PPH at 1989c, from which the share rallied to 3000c.

Both prints into the rising 21-week EMA have been opportunities to re-enter buy/long positions.

As the real-time price action model reading noted: "... look for support on the 8 or 21-EMA as a buy range for a rebound".

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Previous Post: PEPKOR Measured Move Target Exceeded. Now +33% Higher

Friday 29 November 2024 (Time: 06h34)

Share Code: PPH

• On Thursday (yesterday), the share reached a high of 2649c.

• Measured Move Target Exceeded. Now +33% Higher

• Well done to clients who may have capitalized on the opportunity.

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Previous Post: PEPKOR Holdings (PPH): Measured Move Target - Wednesday, 24 July 2024

The share is looking to emerge from a consolidation range, with the measured move target 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

(Published Sunday 09-Feb-2025)