VillageTraderZA

Horizontal bullish flag

Long
JSE:TCP   TRANSACTION CAPITAL LTD
We nice looking horizontal bullish flag on the stock. Looks like the 2300c-2600c is an area of supply and demand . Looks like there’s a seller at 2600c and a buyer at 2300c. At some point either the seller will run out Transaction shares to sell, or the buyer will run out of capital allocated to the share. At which point the share will break in the direction of the winner. At the moment my money is on the buyer. I’m looking for a break through 2600c.

Checkout the weekly game plan here: https://villagetrader.co.za/2021/01/17/w...

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