We been seeing capitec going up and up, i think now its time we see it falling and falling
After breaking the upward stride and going overbought Capitec is now consolidating. It is busy breaking back into the trend channel. After a buying climax (BC), automatic reaction (AR) and secondary test (ST) in phase A we now have seen an upthrust (UT) in phase B. This is showing some strength but was on low volume and divergence with the volume RSI. Now to watch...
JSE:CPI Hourly chart with bearish flag. Full target should be around 126000.
Uptrends rarely come as crystal clear as this. I feel bad for not having bought this stock earlier even though i stay in South Africa where it is listed. However, for all those traders like me who missed the initial rally, i expect prices to go up further. A good place to enter a long position would be if price retraces to the 134290 price level. Traders can...
JSE:CPI Long term chart Negative divergences Results next week on 28 March.
1 more leg down to complete the big corrective move we saw in December 2018.
Established in 2001, Capitec has become South Africa’s fastest growing bank, and today has more than 7.3 million clients, 720 branches and over 11 000 employees. With shares listed for sale on the Johannesburg Stock Exchange (JSE) in 2002, the bank is renowned for its affordability and simplified model of banking, which has received superb buy in from clients of...
After very low volumes of the holiday period today there was a strong push to new highs with volume returning. Will be looking for a move to the supply line of the upward stride.
JSE:CPI After making all time high $JSECPI pulled back and made falling wedge in the process. Looks more upside coming.
JSE:CPI Was trading in fairly well defined Chanel for most of the year. Brooke higher yesterday and today on open but struggling to hold. Making big engulfing bar so far. Still early but watch for potential reversal towards bottom of the channel
Long position entered on JSE:CPI on 23/10/2018 because of confirmation from MACD, Stochastic and cross of the 3 and 15 EMA's.
JSE:CPI Breaking above recent consolidation. First target: 105000 Second target:110000
Following on September's analysis (link below) the backup has taken place and the markup is continuing with HH and HL. We see an ease of advance with large spreads. When supply has entered the market there has been effort without response (OBV declining without a similar price decline) indicating the buyers are absorbing the supply. Also notice the narrow spreads...
JSE:CPI is traveling in an upward channel, having bounced off the support on 11th October, showing a hammer candle - indicating a possible short term trend reversal. First target is the resistance area at around R1028 and second target R1077
CPI Capitec is traveling in an upward channel, having bounced off the support on 11th October, showing a hammer candle - indicating a possible short term trend reversal. First target is the resistance area at around R1028 and second target R1077