zeerotrader

CPI - Potential Double Top

JSE:CPI   CAPITEC BANK HLDGS LTD
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We may derive the following from the Weekly CPI chart:

1. Price has recovered significantly - in fact, it is not far off from testing the ATH .

2. We need to carefully watch price at these levels. Generally, reversal patterns occur at top levels and may allow for sells. We also need to ensure that we are also accurate in doing so, because price may break through to for further upside.

3. Monitor price action and be patient before trading.

4. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.
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