VillageTraderZA

Capitec Looking very good Cup and handle

Long
JSE:CPI   CAPITEC BANK HLDGS LTD
Beautiful cup and handle on Capitec. If The stock break the 147852c even better if we can take out that high. I will potentially add into my position with a limit order a few points above the 152500c. Projecting the higher of the cup makes 216057c The break of the bull flag (handle) is also a nice entry. Perhaps adding to the position once the stock breaks the 147852c resistance level . And again as it takes out the high. Patience is needed here this could take a while. Price action on the daily chart is looking good. The stock holding the 50d EMA as support. Making a higher low. A fair bit of volume coming in. Since it closed above the 50d EMA . There's some good wind at the back

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out