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Jsetcp

UPDATE TCP target reached at R6.88 next target R11.00Since the last update, Transaction Capital made a breakaway gap. It then reached and tested the supports and bottoms at R4.06. Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money. This sent the price flying up to close the gap and to the first target of R6.88. With the gap closed, we can now see a new formation (Rounding Bottom 2) forming. And if the price stays above R6.88, the next target will be at R11.00. I'm bullish with TCP.
JSE:TCPLong
by Timonrosso
Transaction Capital ready to shoot up to R18.56 thanks to a box?Box Formation has formed on TCP. We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position. However, we are seeing potential signs of a bottom as there could be more buying to push the price up. Other indicators show including: 200> 7=21 RSI>50 higher lows Target one will be to the top of the downtrend resistance at R18.56 ABOUT THE COMPANY Core Focus: Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services. Founding Year: The company was founded in 2007. Credit Services: The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market. Taxi Services: The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators. Ride-Hailing Investment: Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies. Risk Management: The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively. Technology Integration: The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience. Social Impact: Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
JSE:TCPLong
by Timonrosso
1
Transaction Capital can go either way but WARNING This was one where people thought I was crazy for choosing a target so low to R26.46. The day it hit, I was I guess not surprised but saddened because the company has so much potential and strong prospects Wake up just one day later and it's down to R13.76. This could be a great buy area where it could rally on back. But as a trader, I need more upside potential with strong momentum. This price could be a rising pennant which could drop down to a new low. However, if the price breaks up it could very well head back up and close the gap. I would be careful with this type of trade and so I'll be a spectator for now.
JSE:TCP
by Timonrosso
6
UPDATE: Transaction Capital hit my Take profit but I'm pissedFalling Range formed on TCP and there was a trend channel bearish 200> 7<21 All the signs were showing downside to a target at R26.46. Which it hit. If I held it just one more day it would have gone to R14.50. But that's trading for you. Now with the gaps and panic selling, we can expect some accumulation to form bringing the price up to close the gap. Then we will need to wait for the next formation and pattern to form. I'll await and let you know
JSE:TCPShort
by Timonrosso
2
Transaction Capital in a strong downward range to R26.46Falling Range is a trend channel bearish 200> 7<21 Target R26.46 CONCERNS: A trend channel is never as strong as a breakout pattern. The reason is the price can move in a sideways range before it continues its down or up leg. Also the price doesn't always touch the edge of the channel. I would wait for a breakout before I decide whether to buy or sell. ABOUT: Transaction Capital (Est. 2001 in JHB SA) is a South African financial services company that provides a range of services, including debt collection, vehicle and asset financing, and insurance services. Transaction Capital has a strong presence in SA including Zimbabwe, Zambia, and Mozambique. The company's debt collection division is one of the largest in South Africa, serving both consumer and commercial clients. With their asset department they provide financing solutions for a range of assets, including vehicles, trucks, and earth-moving equipment. The company's insurance division offers a range of insurance products, including motor, household, and life insurance.
JSE:TCPShort
by Timonrosso
JSE:TCP Transaction Capital Repeating Pattern Transaction Capital has been in a steady uptrend with reaccumulation range stepping stones. With each reaccumulation, a similar price and volume pattern was followed, with a spring and test on increased volume. We are now at that junction again and a markup can be expected. The next markup can be expected to be smaller than the previous markups as there is declining volume (effort) and the bounce of the distance between Yearly Pivot Point is narrowing as price advances.
JSE:TCPLong
by SteynTrade