Timonrosso

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

Corto
JSE:PIK   PICK N PAY STORES LTD
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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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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