AfroTez

Capitec Analysis

JSE:CPI   CAPITEC BANK HLDGS LTD
Capitec continues to show good prospects for future investment growth. First support line now sits at R 1040 and the share price seems to sit comfortably above that and currently attempting to break R 1100 resistance. Im expecting a bit more fluctuations before we eventually break through and maybe we may even break through the support line before exceeding the resistance if we have historically seen with this stock in particular. But as a long term investment this looks extremely healthy.

It does look like a dip is on the horizon, and Im ready to expand my holdings as soon as it hits... if it hits.

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