Timonrosso

Capitec fakeout and waiting for conservative buy level

Long
JSE:CPI   CAPITEC BANK HLDGS LTD
We saw Capitec form a W Formation. The price broke above the neckline and then made a fakeout.

Now it will be testing the uptrend support line before further upside to come.

I am bullish cautiously, but we still need the demand levels to pick up.

The target will then be R2,485.00

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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