PPK.ASX Trade Update

PPK.ASX Trade Idea up 40% since initial coverage


On the 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.

Finexia Securities Ltd and its associates may hold securities in the companies/trusts mentioned herein. Unless otherwise stated any advice contained in this email is of a general nature only and has been prepared without taking into account your relevant personal circumstances. Those acting upon information contained in this email without first consulting Finexia Securities Ltd do so entirely at their own risk. Finexia Securities Ltd ABN 61 608 667 778 is the holder of Australian Financial Services Licence (# 485760). To the extent permitted by the law we exclude (and where the law does not permit exclusion, limit to the extent permitted by the law) all liability for any direct, indirect and consequential losses, damages and expenses incurred in any way (including but not limited to that arising from negligence), connected with any use of access to or any reliance on information contained in this email or any attachments. NOTE: This email, including any attachments, is confidential and for use only by the intended recipient(s) for the purpose for which it has been sent. Its contents may be privileged and if you are not the intended recipient of this email, you must not use, disseminate, print or copy this email or any part of it or take any action in reliance on it. If you have received this email in error, please contact the sender immediately by return email and delete/destroy the message. Finexia Securities Limited is not liable if an email or attachment is altered without its written consent

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest