LD_Perspectives

Pepkor - Retail Leader But Starting To Appear Overextended

JSE:PPH   PEPKOR HOLDINGS LTD
Bottom Line: Management Delivers

Short Term: Appears overextended as it approaches the March 2018 and January 2019 swing highs. Also note the negative divergence on both the 7 and 14-day RSI's.

We may see a period of consolidation however one could: wait for the test and turn, then look to short.



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