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Transactioncapital

UPDATE: Transaction Capital on its way to the 2nd target R11.53Two formations occured with TCP. The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88. The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time. SInce then the trajectory has been smooth sailing up. Target remains at R11.53.
JSE:TCPLong
by Timonrosso
UPDATE: Transaction Capital heading up to target 2 - R11.53Transaction Capital has been the come back duck since October. It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern. Since it broke above the neckline, the momentum has been on fire. This is just an update that the price is on its way to the next target at R11.53. UPDATE: Transaction Capital aims to generate between R900 million and R1.25 billion through the sale and issuance of shares in WeBuyCars. Preceding the proposed separation and independent listing of the successful second-hand car dealership. The strategy includes offering new shares to the asset manager Coronation, along with the issuance of additional shares for acquisition by new investors, which will result in a reduction of Transaction Capital's stake in WeBuyCars from 74.9% to a range of 57% to 67%.
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