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RossLarter

Capitec - trend-line bounce

Long
CAPITEC BANK HLDGS LTD (JSE:CPI)  
RossLarter  
JSE:CPI   CAPITEC BANK HLDGS LTD
Trend Analysis Trend Lines Support and Resistance jse ALSI ZAR southafrica capitec
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trendanalysis trendline supportandresistance jse alsi zar southafrica capitec
CPI has tested a trend line multiple times since last October. It is currently bouncing off of this line again and we could see an upward move if it doesn't break through downwards. The stochastic and the MACD are both confirming this momentum. The EMA's briefly crossed yesterday, but have since uncrossed again. If it breaks above yesterday's levels, I will enter a long position.
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