- TCP is making an all time high and trending well
- Chart looks set for a further move upwards
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
David Hurwitz and team have continued to deliver for shareholders, with a defensive business model, consistent earnings growth and transformative transactions (see We Buy Cars) which could propel the business into it's next leg of growth.
The price has traded in a sideways range since late May however the most recent set of higher lows suggests potential for...
This is my second biggest winner at the moment behind distell. Currently sitting at 22.59% profit if my stop is hit. We had a nice bullish flag on the stock. I’m waiting for a close above R38.40 resistance to add to the position with a stop loss at R36.80. Moving my stop to R36.80 increase my profit to 28.7% meaning I will be putting on a 3% position.
$TCP has broken out above the upper band of uptrend channel, had a pullback, retested the upper band and moved higher. There was a nice bull flag setup on the daily chart. Will have to wait for another setup for a long/short pos
Trade Summary 11 April 2021
Stop loss: R26.5
Risk per share: -R0.53
Risk ZAR: -R84.48
The stock has been looking bullish for a minute now. Breaking into higher boxes with relative ease. It broke a significant monthly level as well. The stock is looking to break to a higher box. I’m looking for a close above 3100c then...
Nice horizontal bullish flag on bullish flag on Transaction. There seem to be a tug of war of buyers and sellers of the stock between the 2300c-2600c over the past couple of months. This is a trade I’m in. Im looking for a break above 2600c and I will add into the position.
Trans Cap has produced really good steady growth since mid March last year bringing in 163% share price growth since then. Although temporarily in a horizontal trend, it is still well above the uptrend support line. Its safe to expect the rate of growth to continue if we remain above the uptrend support beyond March.
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...