AfroTez

Capitec Analysis

Long
JSE:CPI   CAPITEC BANK HLDGS LTD
Fluctuations happen. So no need for worry yet as Capitec takes a bit of a dip from 1200 to 1140. We have support lines at 1100 and the 1030 to 1050 zone so a rebound or reluctance at these points can be expected. If these support lines dont hold however, there is still a very strong uptrend support that has held up very well and could be a significant rebound point if hit in future as we have seen time and time again with this specific share. The potential is set and we are still looking very positive for R1600 share price hopefully in the very near future.

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