CPI has been on a long term downtrend since 2015.
Price is testing the ATL (All time Low) support and descending channel resistance.
RSI is printing a bullish divergence signal.
Price action is printing a double bottom trend reversal pattern.
Bullish ⬆️ - breakout above the double bottom neckline resistance + descending channel resistance.
Target 🎯 - resistance...
Capita's shares took a tumble today after earnings revealed;
£28.5mln for the first 6 months of the year (vs a £31.2mln profit for first 6months of 2019)
There is also a concern on the groups ability to handle it's debt obligations (which the above has reinforced)
Shares are already down 80% since covid
Capita are on course to...
Capita as a business has some questionable fundamentals, however, these are mostly due to their restructuring debts.
They have recently taken on a contract with Google & Microsoft and with their restructuring plans now coming to the fore, they are primed to push higher being undervalued at present.
Capita has already broken resistance which sat around .43 and...