Capitec consolidating for a move lower?Having missed the 'short' opportunity on the break of that H&S neckline, CPI seem to be consolidating for a further move lower. I'm patiently waiting for a break of that consolidation range to pull my short gun!Shortby Innocentmaponde7
Anticipating an upswing on CPIJSE:CPI is trading around a support level formed in December 2017. I am anticipating an upswing and will look to enter long if confirmed. The stochastic is looking like it is confirming the signal.Longby RossLarter5
$JSECPI Capitec Head and shoulders breakTarget 105. Stop loss on breach of neckline (blue line)Shortby KoosKanmarUpdated 338
CAPITEC Cyclecan we see capitec go up to the QML then fall from there???by Mars_African_EmpireUpdated 5
CPI Bounce off support zoneJSE:CPI has bounced off of quite a significant support level and is looking like it could be on its way up if it convincingly takes out the fractal from the 19thLongby RossLarter5
$JSECPI - Retest of TL #Capitec broke TL support and is now retesting it. A reversal candle from here could open up an opportunity to short. by Trad3r_166
CPI - Weekly AnalysisWe may derive the following from the Weekly CPI chart: 1. Price broke a sharp uptrend. 2. We are still in an OVERALL uptrend. BUT price may be setting up for a move down. I think a bearish setup is likely. 3. It is still early to make a decision and so patience is needed to see if we form a potential sell or buy pattern. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.by zeerotrader2
$JSECPI - Close to TL suport.#Capitec close to testing TL support as 1325.35 provides minor resistance. by Trad3r_16113
CPI Piercing LineJSE:CPI formed a piercing line pattern with Friday's close which is a bottom reversal signal. After a preceding downtrend, the green candle opens below the previous day's close and above the middle point of the red real body. It is a bottom reversal signal, but the candles MUST be different colours.Longby RossLarter5
short idea for CPIis this the beginning of the fall of the mighty capitec? classic head and shoulder Shortby mbotsoe1
capitec holdings bearshead&shoulders pattern taking place in this stock bears are coming strong after the neckline stops are in Oder in case im wrong.Shortby Jazzy_Qmolautsi2
CApitec Falls??We been seeing capitec going up and up, i think now its time we see it falling and fallingShortby Mars_African_EmpireUpdated 4
JSE:CPI Capitec Re-accumulation or DistributionAfter breaking the upward stride and going overbought Capitec is now consolidating. It is busy breaking back into the trend channel. After a buying climax (BC), automatic reaction (AR) and secondary test (ST) in phase A we now have seen an upthrust (UT) in phase B. This is showing some strength but was on low volume and divergence with the volume RSI. Now to watch how the TR develops to see if it is a distribution or re-accumulation. For now, I am expecting the price to range for some time. by SteynTrade2
CAPITEC BANK (CPI) DAILY TIMEFRAME LONGUptrends rarely come as crystal clear as this. I feel bad for not having bought this stock earlier even though i stay in South Africa where it is listed. However, for all those traders like me who missed the initial rally, i expect prices to go up further. A good place to enter a long position would be if price retraces to the 134290 price level. Traders can also enter on the retest of either the 20- or 50-period exponential moving average (EMA), which are both currently acting as dynamic support. Remember, a trend is your friend (why fight it?) Longby munyaelliott113
Possible short on JSE:CPI Capitec Bank1 more leg down to complete the big corrective move we saw in December 2018.Shortby TheBrokeTraderUpdated 2
History Often Repeats Itself. Down First, Then UpEstablished in 2001, Capitec has become South Africa’s fastest growing bank, and today has more than 7.3 million clients, 720 branches and over 11 000 employees. With shares listed for sale on the Johannesburg Stock Exchange (JSE) in 2002, the bank is renowned for its affordability and simplified model of banking, which has received superb buy in from clients of all income levels. Capitec already commands more than 20% of South Africa’s banking market share and has a market cap of almost R70 billion. Technicals I am expecting a repeat of the previous formation. All to often, support and resistance traders get caught buying when the highs break and selling when the lows break, only to watch the price turn and run against them. History often repeats itself and if you have a careful look at these two areas on the chart, you will see a lot of similarities. The structure that will form here is likely to break to the upside eventually but I expect a reversal soon for wave 3 before more upside will come.Shortby Linton_White6
JSE:CPI Capitec Pushing to New HighsAfter very low volumes of the holiday period today there was a strong push to new highs with volume returning. Will be looking for a move to the supply line of the upward stride.Longby SteynTradeUpdated 334