CPI bull flagBull flag in the making. Needs to close above R1410 to trigger the long idea. Stop loss close below R1380. 1st target at R1500 and full target at R1560
CPI trade ideas
The break is insight Cup and handle/Bullish flag/Head & Shoulders
The stock looked like it was breaking on Friday. However, closed back within the flag/Handle. A nice cup and handle formation on the chart at the moment, which is also a head and shoulders plus a bullish flag. That’s quite some wind behind this trade. A break through 147837c. Confirms the trade for me. Even better above the 152500c.
For now I wait for the break through 147837c
Capitec Looking very good Cup and handleBeautiful cup and handle on Capitec. If The stock break the 147852c even better if we can take out that high. I will potentially add into my position with a limit order a few points above the 152500c. Projecting the higher of the cup makes 216057c The break of the bull flag(handle) is also a nice entry. Perhaps adding to the position once the stock breaks the 147852c resistance level. And again as it takes out the high. Patience is needed here this could take a while. Price action on the daily chart is looking good. The stock holding the 50d EMA as support. Making a higher low. A fair bit of volume coming in. Since it closed above the 50d EMA. There's some good wind at the back
Capitec Looking very good Cup and handleBeautiful cup and handle on Capitec. If The stock break the 147852c even better if we can take out that high. I will potentially add into my position with a limit order a few points above the 152500c. Projecting the higher of the cup makes 216057c The break of the bull flag(handle) is also a nice entry. Perhaps adding to the position once the stock breaks the 147852c resistance level. And again as it takes out the high. Patience is needed here this could take a while.
Price action on the daily chart is looking good. The stock holding the 50d EMA as support. Making a higher low. A fair bit of volume coming in. Since it closed above the 50d EMA. There's some good wind at the back
Falling wedge on the handle of the cup on CPIWe have a nice cup and handle pattern on Capitec. The handle is a nice falling wedge. If we break out of the falling wedge there’s a good chance that we're going to take out the 152500c high and trend higher on the bank.
Capitec Analysis R1500 has been set as the price to beat. Capitec has been tame recently but gladly no aggressive dips. The share has continued to respect the uptrend support and getting very close to breaking through this support and sustaining into horizontal trend. Our hope however is that it doesn’t break and hopefully breaks resistance instead. However this is a good time to stock up on this stock at this predictable level. Capitec still has a lot of growth ahead of it if history is anything to go by.
CPI 1D - BREAKING THE BANKCapitec has broken the current upward channel of a three channel system ( two upward and one sideways channel ) to the downside. The liabilities of the recently acquired Mercantile Bank might prove to be to much in the current messed up economic environment.
Capitec looking quite close for a breakoutCapitec looking quite close to breaking the cup and handle. Perhaps their move to home is the springboard the price needed
Capitec Analysis Capitec has gradually come down and hit a minor support line created by a peak from 05 November. I do not have faith in this specific support line but it does give possibilities of a rebound. If it doesn’t hold however it wont come as a shock. Generally the stock is still doing fantastically well as it has a great distance from the up trend line. This is a good position to expand holdings and partially buy in at this point.
Capitec Analysis Capitec is on a bit of a go slow lately making this a good opportunity to partially buy in and expand holdings. Should the price dip some more below 1280 it will be another good opportunity to buy in. Currently the share price is still a good distance away from the uptrend line which leaves us very little to worry about at this point.
On the next rally we are hoping to go comfortably beyond the R 1440.00. From where the share price is now, this will be a 9.75% increase.
Possible short on CAPITECJSE:CPI is showing signs that it may retrace downwards for a bit before continuing up. The MACD and Stochastic are both showing downward momentum and if it trades lower than today, the EMA's will confirm a downward cross. Keep an eye on this one for a possible short move to around the 200 SMA support level.
Potential Cup and & Handle breakout on CapitecWith this potential cup and handle, Could we see the reaching all-time highs at R2000+ for CPI. Especially considering that the Bank has now entered the home loan market. The trade does offer quite a decent Risk-reward ratio.
Interesting to note that the 30w EMA looks like it wants to cross the 60w EMA
Capitec Analysis Another positive week for Capitec as we race to the R 1300 share price.
Seems that it is on its way to pre covid prices and hopefully the share price can grow from there. Long term still looking very strong and this minor dip could be a good opportunity to increase shareholdings.
Im terms of numbers, for now we are looking to comfortably surpass R 1300, with the eventual goal being the peak at R 1500.
Capitec Analysis Fluctuations happen. So no need for worry yet as Capitec takes a bit of a dip from 1200 to 1140. We have support lines at 1100 and the 1030 to 1050 zone so a rebound or reluctance at these points can be expected. If these support lines dont hold however, there is still a very strong uptrend support that has held up very well and could be a significant rebound point if hit in future as we have seen time and time again with this specific share. The potential is set and we are still looking very positive for R1600 share price hopefully in the very near future.
CapitecHIbullish dominance, without any scandals this can be a good investment with little downside risk.
Capitec Analysis R 1 200.00!!! That is the number we are gunning for at the moment. Capitec has today broken the R 1 100 resistance comfortably and now approaching to close the Gap created in April at R 1 200.00. Still a long way to go but everything looking positive so far. As long as the dips stay far from the uptrend support line, we can stay positive and right now the share price is miles aways from the uptrend support.
We might see a little pull back tomorrow, perhaps some investors pulling out to buy a nice expensive bottle of whiskey to celebrate the surge, but nothing to be too concerned about.
Long term looking very stable to say the least.
Capitec AnalysisCapitec continues to show good prospects for future investment growth. First support line now sits at R 1040 and the share price seems to sit comfortably above that and currently attempting to break R 1100 resistance. Im expecting a bit more fluctuations before we eventually break through and maybe we may even break through the support line before exceeding the resistance if we have historically seen with this stock in particular. But as a long term investment this looks extremely healthy.
It does look like a dip is on the horizon, and Im ready to expand my holdings as soon as it hits... if it hits.
Possible short on CAPITECJSE:CPI formed a dark cloud cover candle pattern a few days back which is a possible reversal signal. The MACD and the Stochastic both seem to be on their way down as well which could serve as confirmation for a downward move. I will wait for it to break the previous support level and then consider a short position.
