PPK.ASX Trade Update

PPK.ASX trade recommendation up 40% since initial coverage

Calendar Icon   Tuesday, 20th October 2020

PPK Group Ltd.
PPK Share Price

On 21st of August, we alerted members about an opportunity to buy PPK Ltd shares at prices between $3.30 and $3.50. Since then, the stock has risen in price and reached $5.00 yesterday. The chart below shows the initial trade idea, with the stock breaking the 50 day moving average and the RSI turning up.

PPK is currently trading around $5.00 per share. At these prices, this represents an increase of over 40% in just two months and a fantastic result for our clients. Some investors may wish to take a profit at the current price. The technical indicators suggest that the stock has risen too fast. RSI has diverged slightly and the MACD is stretched.

PPK Chart