Capitec's trend has become clearer over the last couple of weeks. A bottom looks to be in at 132856, a 44% decline from the all time high.
The 13 month bear market unfolded as a double-zigzag (WXY). Price action looks impulsive from 132856 and if the wave count is correct, the stock is in the early stages of wave 3 so "buy the dip" above 161601 is the strategy.