RobbyP

CAPITEC- It must have been love, but it's over now...

Short
JSE:CPI   CAPITEC BANK HLDGS LTD
Personally I don't get why the stock made these extreme new highs but fortunately, we trade what we see and not what we think. SO "technically", the price has breached the 50 day moving average and is making a second attempt at breaking the new short term support at around R1734.00. A convincing breach and close below this level sets up much lower targets for the rocket that is well and truly coming back down to earth. If was holding CPI , I'd be climbing out. If you find short scrip, short it. The RSI is broken, the stochastics are floppy, momentum is down...SELL SELL SELL.
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