Capitec #CPIShort term sell on Capitec, Buy Zone marked on chart! Follow the arrows to cash in on your bank!
CPI trade ideas
Capitec breakout JSE:CPI
The price broke out of the range on the 30th of September 2020 and confirmed closing above R1024. The price close above both the 200 Week and day EMA. target is that R1319 previous minor support. Will be monitoring price action if/when the price gets closer to that level. The split from PSG group is important to note. It will possibly trigger some significant buying into Capitec as it gets up weighted in the indices its in.
The week's plan; villagetrader.co.za
Capitec Bank LTD. LongLooking into local markets, the Capitec stock looks like it is trying to complete a 5 Wave cycle inside this mess in which its been stuck. Going long as soon as the JSE trading session starts at in about 4 hours.
Capitec vs Bears: Round 2After the breakout and imminent retest of a beautiful ascending channel, the price could plunge down to the next support following the previous bottom.
Good luck and follow me for more!
P.S “hedgehog”
Short CapitecBeautiful textbook AB=CD forming on the CPI chart. I forgot to share this one before today's JSE trading session. It still looks good. Can still catch it. Let us look for pullbacks so that we add onto the position tomorrow.
Happy trading.
Bearish Triangle - $JSECPIJSE:CPI
The SA Fini Index confirmed a bearish flag. Meaning financial stocks are under pressure.
Monitoring price action at the 79000c levels. If it break below those levels. Interested in shorting $JSECPI
Target the 430000 levels.
Capitec meltA break from 838, we will see Capitec testing the 800 level, giving us long term buy opportunities.
capitec analysis on this chart we have a triangle pattern..which was broken at first and the market failed to stay above the resistance which signified a false breakout... my plan: go to the 1 h chart and wait for the market to break below the trendline...alternatively for investors : wait for the market to test the lower end of the pattern
#Capitec - Buy - $JSEExpecting Market to advance to 140000. Corrective pattern in formation. Wave C of correction in play.
Capitec recoveryAfter the massive fall from #CPI we saw price getting rejected at R764 the bulls took over and saw price smashing through R880 and R918, according to my technical analysis Capitec is still bullish and its going for the R1005 level.
CPI - Bear Flag Bear flag will be confirmed once price closes below R850. First target is R800 and 2nd target is R660. Wait for confirmation, otherwise price could start going sideways here.
#Capitec - Buy -$JSECurrently completing bullish leg of corrective pattern. Buy, Bank then stay out or short the market.
JSE:CPI Capitec Now Ready to Test the Lows?I was previously looking for a test of the lows (See link to the previous post). It has taken some time to resolve but after a break of the support, the move is now ready to occur. There has been negative divergence on the volume RSI and CPI has been weaker than the market.
CapitecBreaking to the downside of a H&S chart formation; short term target is R650; otherwise expecting R400/R500 in the medium-long term target.
Beginner trader playing around with Capitec Just a very creative beginner why of looking at Capitec
Taking a shot at 20 November 2020 Capitec will be R1100
