PPC W Formation new target to R4.29

W Formation has formed on Daily with a striking up candle breaking above the neckline.
With MAs we have 7>21 - Bullish
Price > 200MA Bullish
RSI>50 >70- Bullish
Target R4.29

Concerns:
The 7>21 is still below the 200MA which signals the downtrend is still in place.