Big Pump Signal // 10.04.2018 // SNGLS
Why should an arrogant sector ask for mercy when workers are dying, asks
The problem in the private health care sector is compounded by integration.
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TECHNICAL ANALYSIS: PPC shows new upside breakout
TECHNICAL ANALYSIS: Resilient property stocks set for an uptick
] has been recovering over the past eightmonths, and has given a new upside breakout on its chart, as shown here.
PPC has been a hold herefrom when it broke out of a large inverse head and shoulders a couple monthsback (not shown). It’s been moving sideways since then in a channel (lines 1and 2), and recently broke out of the top of that channel (line 2 at R8.50).It’s pulled back in recent days to retest that breakout level, and is nowheading higher again.
It remains a med-termhold, and it’s a buy at current levels if not in. Ppc Usd Chart
Minimum target is R10.30,based on channel 1-2 projected up. Lock in some profits there. But ultimatelyit’s pointing to a far higher target of R15, based on a large inverse head andshoulders (Sep 2016-Jan 2018).
A close below R7.00 (line1). (Line 3 support is R8.20 if you’d prefer it tighter stop). Once it tradesup to R9.40
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