TCP trade ideas

Trader-Dan

- Stock has move up nicely since our original breakout entry - Seems to have had some profit taking and is now resuming its trend up above the 200ma - The gap above at R25 becomes a likely longterm target

RuanLange Updated 

H&S target from March lows still in play. Retraced back to Fib. level. Support held and 50 MA just below this level. Looking to buy break of previous candle high (R18.50) with a SL below consolidation zone (R16.77) and TP at R24.00.

CashCow_Markets

Conservative buyers, buy above 1949.

UnknownUnicorn4762884

The MACD has crossed into a bullish signal. The line beneath is the SL and the 2 above are take profit 1 and 2.

Marcelle_Nel Updated 

With a solid business model, good management, steady long-term growth, will transaction capital bull forward? The move to lock-down level 3 and opening of more sectors of the economy might just be what investors are looking for in good news to re-invest in trans-cap.

Trader-Dan

- Price has pulled back last week to retest the area where the range broke out giving an opportunity to enter long - Below R13.85 the long trade will be negated and a possible double top could be in play. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:TCP

KoosKanmar

Transaction capital has been consolidating in what looks like a bullish flag since 8 April. A flag break would open a target of 2100 on this share.

UnknownUnicorn3468017

Transaction Capital hourly chart shows the 3rd lower high, just after bouncing from the 200hr moving average at R14 and horizontal support was 14.50. Overhead resistance at R16.66. Stand by.

KoosKanmar

Huge cup and handle formation in progress. 1445 Neckline break could see longer term upside of 1880 and 2070. Please note that markets are still volatile and could still be characterised by huge swing in both directions. Stick to stop losses for short term trades. Longer term 5-10 years, this one is a keeper at these levels.

PRINCEMDUDUZI

SHORT TCP

Sbo_Dhlamini

TCP may be hit by the lock down due to non payments on their big bet on the taxi industry some owners may default or ask for extended time and may hurt sales and revenue in months to come

KoosKanmar Updated 

Transaction Capital looking bullish. Possible break to the upside will open a 2500 target level.

Trader-Dan

- Solid up trend (200ma pointing up) - Breakout of bullish flag on the weekly JSE:TCP - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

LD_Perspectives

Equities Local | Transaction Capital - Long Term Weakness Emerging | TCP has been one of the shares flagging on my technical screen as part of the 'emerging weakness group'. Over the long term we have seen strength in TCP, with the long term (monthly) RSI in a bull mode however the lower times frames are starting to signal a downside bias, with the weekly, daily,...

TiggzzPhi

$JSETCP a rounded top had formed on TCPs The co released good set of numbers and that pushing the stock higher

TiggzzPhi

$JSETCP looks to continue the run higher, breaking out on the C&H formation Looking for a close above 2320 and potential target around 2450 RSI is quickly approaching overbought terrain

SteynTrade

Following a repeating pattern, this trade has played out nicely (See links below). We have now reached the overbought line of the trend channel. With a throw-over and volume increase, this looks very climatic. This could possibly indicate the start of a trading range.

SteynTrade

Following the accumulation TR since the beginning of the year (See Post Below) we have now seen a break of the range and backup test of the range. The Markup in phase E can now begin targeting the overbought line of the upward stride.