Timonrosso

Pick N Pay showing upside and broken above downtrend target R52

Long
JSE:PIK   PICK N PAY STORES LTD
Rounding bottom or C&H is forming on PIK.
Whichever price breaks up and out of will give a strong buy signal.
Other indicators are confirming upside.
7>21 but price is still <200MA. We can expect the price to move up to rebalance with the 200MA which acts as an elastic.
RSI>50
Target R52.26

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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