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Timonrosso
Mar 19, 2024 10:03 AM

Capitec fakeout and waiting for conservative buy level Long

CAPITEC BANK HLDGS LTDJSE

Description

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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