Pepkor - Retail Leader But Starting To Appear Overextended
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.
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.