$JSEPIK - Pick N Pay: Big Bear Still Growling

A review of the big bear market that started in 2016 looks to be unfolding in a triple zigzag pattern.

Wave (Z) should also unfold in three waves and could see price breaking below the lower channel support line.

I am still bearish on the stock based on poor fundamentals and strong competition in the sector.

I will sit on my hands as i am not interested in shorts at this stage.