Transaction Capital Glimmer of hope to R6.88
Transaction Capital has had a tough year.
Between the CEO stepping down and with the market being in free fall.
In September the price made a Breakway way, this signalled more selling and supply to bring down the price.
Now we have seen a slight recovery pattern (Cup and Handle). This shows that the price is going to head up to fill the gap at around R6.88.
Once it reached this level, we'll get more of an idea of where the price is more likely to go.
Right now, it looks more bullish in the short term.
Between the CEO stepping down and with the market being in free fall.
In September the price made a Breakway way, this signalled more selling and supply to bring down the price.
Now we have seen a slight recovery pattern (Cup and Handle). This shows that the price is going to head up to fill the gap at around R6.88.
Once it reached this level, we'll get more of an idea of where the price is more likely to go.
Right now, it looks more bullish in the short term.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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