Capitec (JSE:CPI)
We have nice cup and handle formation on Capitec. Seems like the selling pressure might be over. I’m already long CPI at R1480 with a stop below the handle at R1233..20 on the first break. The share since came back hasn't taken out the previous low of the handle. Making a higher low, If we close on the other side of R1480 over the next few days or weeks, A second bite of the entry looks good with the stop the recent low around R1328. MInimum target for now remains R2048 using the height of the round bottom.
Read week 2 game plan villagetrader.co.za/2021/01/11/week-2-game-plan/
We have nice cup and handle formation on Capitec. Seems like the selling pressure might be over. I’m already long CPI at R1480 with a stop below the handle at R1233..20 on the first break. The share since came back hasn't taken out the previous low of the handle. Making a higher low, If we close on the other side of R1480 over the next few days or weeks, A second bite of the entry looks good with the stop the recent low around R1328. MInimum target for now remains R2048 using the height of the round bottom.
Read week 2 game plan villagetrader.co.za/2021/01/11/week-2-game-plan/
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.