This week we short trade PIK ( pick & pay ) as well as JDG ( JD Group ) both these shares are heavily overbought as is the entire retail market & as these 2 are the weaker of the picks we expect them to retreat back to more reasonable levels.
PIK:
Entry: 4600
Target: 4100
Stop loss: 4800
JDG:
Entry:4500
Target:4000
Stop loss:4700
We are watching PPC as a long trade at 3125 with a possible target of 3400 stop loss at 2900. Market sentiment will be critical to all these trades this week. Have a good week
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