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RossLarter

CPI long opportunity

Long
CAPITEC BANK HLDGS LTD (JSE:CPI)  
RossLarter  
JSE:CPI   CAPITEC BANK HLDGS LTD
Cup And Handle Support and Resistance
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cupandhandle supportandresistance
CPI looks like it may be gearing up for an upward move. After a recent pretty successful Cup and Handle pattern it has retraced downwards to the top of the cup, tested that level and then bounced back up again. If it breaks above the high created on Friday, I think we could see it moving upward to at least the highs of mid-June, if not higher.
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