AfroTez

Capitec Analysis

Long
JSE:CPI   CAPITEC BANK HLDGS LTD
R 1 200.00!!! That is the number we are gunning for at the moment. Capitec has today broken the R 1 100 resistance comfortably and now approaching to close the Gap created in April at R 1 200.00. Still a long way to go but everything looking positive so far. As long as the dips stay far from the uptrend support line, we can stay positive and right now the share price is miles aways from the uptrend support.
We might see a little pull back tomorrow, perhaps some investors pulling out to buy a nice expensive bottle of whiskey to celebrate the surge, but nothing to be too concerned about.
Long term looking very stable to say the least.

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