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/
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.