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Timonrosso

Pick n Pay big bearish formation with a runaway gap to R38.42

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PICK N PAY STORES LTD (JSE:PIK)  
Timonrosso  
JSE:PIK   PICK N PAY STORES LTD
Trend Analysis Chart Patterns Fundamental Analysis PIK jsepik jse southafrica sastocks
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trendanalysis chartpattern fundamental pik jsepik jse southafrica sastocks
Bearish box has formed over the last couple of months with Pick N Pay.
The price broke below the support and made a runaway gap.
This is a gap that runs in the direction and accelerates down the trend.
This is very bearish for the stock
200 >21>7
RSI<30
Target R38.42

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Timon Rossolimos
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(Pro trader since 2003)
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