JonathanOtero7f

CPI - Bear Flag

JSE:CPI   CAPITEC BANK HLDGS LTD
Bear flag will be confirmed once price closes below R850. First target is R800 and 2nd target is R660. Wait for confirmation, otherwise price could start going sideways here.
Trade active:
Idea is still active with the bear flag continuing during the week. A close below yesterday's lows of R884 would trigger the short idea which looks very likely.
Trade closed manually:
Bear flag has not played out. We had a short selling recall last week which triggered the big move up only for it come straight back down 2 days later. Seems to be stuck in a range and no certain set up for now.
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