Pick N Pay Stores Limited
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JSE:PIK Pick n Pay Backup

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After a distribution trading range that started in 2016, we have seen a markdown of PicknPay. This has resulted in a high volume selling climax (SC) and automatic rally (AR) back to the trading range. Price can be expected to range at these levels before breaking lower to continue the markdown. We will watch the development of the new trading range.

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