Swing Trade: Capitec Bank
Capitec 
CPI might also bounce off the bottom of a 100-day regression channel, having just touched a recent horizontal support line.
The Stochastic indicator signalled a trend reversal on 26 February 2021 by crossing up through the slow line from a low base, but the RSI still has to make its way through the 50's
I am also still waiting for the MACD to confirm by crossing above the signal line.
Entry for me would be a positive close somewhere above R1370, with a price target of R1497 but with some expected resistance at the R1457 range.
Longer term target would be R1614 with an exit when it falls below R1310.
Reward: 17.84%
Risk: 4.38%
Ratio: 4.07
CPI might also bounce off the bottom of a 100-day regression channel, having just touched a recent horizontal support line.The Stochastic indicator signalled a trend reversal on 26 February 2021 by crossing up through the slow line from a low base, but the RSI still has to make its way through the 50's
I am also still waiting for the MACD to confirm by crossing above the signal line.
Entry for me would be a positive close somewhere above R1370, with a price target of R1497 but with some expected resistance at the R1457 range.
Longer term target would be R1614 with an exit when it falls below R1310.
Reward: 17.84%
Risk: 4.38%
Ratio: 4.07
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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.