JSE:CPI Capitec Looking for Test of the lowsAfter the selling climax (SC), we have seen an automatic rally (AR) and another attempt to move higher on an upthrust (UT). Now are looking for a test of the lows as part of the trading range that has formed with the SC low and AR defining the boundaries. Shortby SteynTrade7
$JSECPI Capitec Bear flag still in playA big bear flag is still playing out on this share with 678 & 538 targets. Shortby KoosKanmar10
CapitecBear flag technical chart formation attempting to break. Measured target is R400.Shortby Innocentmaponde7
$JSECPI Capitec Possible bear flagCapitec has formed what could possibly be a very large bear flag on the daily chart. Wait for a proper break on volume before going short. Targets 67800 and the recent low of 54000. Stick to stop losses. This share has been very volatile recently. Shortby KoosKanmar8
Big wins cover small losses!!Got 3R wiped out on my WTI trade. This trade covers that rainy patch and more to come. Position 1- 2.35R Position 2- 4.96R by taftrader4
$JSECPI Capitec. Watch for a break of 1330A break below 1330 could indicate a double top confirmation with some downside targets. Waitingby KoosKanmar9
Still In and Risk Free!We are still in this trade...we took some off the table at TP1 with an RR of 2.35 but looks like we could be headed for TP2 (RR 4.96)soon. Whats important now is moving stop loss to risk free level. This is one of those trades with a very good RR and will more than compensate for the little losses i made if it goes all the way through. Lets see how it grinds.Shortby taftrader9
$JSE-CPIJSE:CPI Testing double top conformation line. If it breaks bellow target is around 1220 or there about.by ALSITRADERUpdated 12
$JSECPI Capitec. Balancing actCapitec currently on support after what looks like a double top. Keeping an eye on this one for a possible short in comings days/weeks. No positionby KoosKanmar11
$JSE-CPIJSE:CPI Breaking flat bottom triangle. Target around 136500. If that levels breaks there will be double top in plan. All in all looks bearish here.by ALSITRADER10
Vacation over for CapitecThe stock had a good run,a very good run, but it just couldnt go through the 15000 yellow zone. The stock then broke out of the yellow zone to the downside (more visible on H4) and then tested it with a good rejection candle. This is my entry point on the H4. The risk to reward is phenomenal if this trade is successful. Entry: 2 positions at 143731 SL: 146 928 TP1: 136 266 ( RR 2.35) TP2: 128 134 ( RR 4.96) Like i said the RR is phenomenal so no need to take a huge position sizes,risk little and if successful we will still make good and if not our account wont be that dented.Shortby taftrader7
Capitec set for new all time highs?Could Capitec be gearing up for another move higher? That’s difficult to imagine; but that’s what the technicals are suggesting. We have a bull flag technical chart on the daily, a break of which can take the stock to new all time highs! Longby Innocentmaponde4
Capitec Bank setting up for a long term buying opportunityAfter such a strong rally in price a demand zone was created at 102369 that removed the all time highs. Longby UnknownUnicorn4720911Updated 116
CPI - Potential Double TopWe may derive the following from the Weekly CPI chart: 1. Price has recovered significantly - in fact, it is not far off from testing the ATH. 2. We need to carefully watch price at these levels. Generally, reversal patterns occur at top levels and may allow for sells. We also need to ensure that we are also accurate in doing so, because price may break through to for further upside. 3. Monitor price action and be patient before trading. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.by zeerotrader8
Short Capitec till R1000Capitec Bank share price just reached a resistance level on bigger time frames like the daily, with addition to the weaker Rand after the unemployment news release stats as well we just saw the price breaking and testing below the trendline, the share price may go down to just over a R1000 as stated on the chart analysis but it may bounce long again. Contact me via email for one on one financial markets consultation kamogelok(at)gmail(dot)com ;)Shortby Kamo_Zelo7
Possible trend reversal on CapitecJSE:CPI is looking like it might be reversing trend at the moment. It is struggling at resistance level and has formed what looks like a double top. As always, I will wait for confirmation before entering short.Shortby RossLarter7
Capitec-approaching major resistance zoneCapitec is approaching it's all time highs. Expecting this zone to become resilient resistance and entice profit taking. We can see both trend and horizontal resistance lines converging around this level. RSI very strong and expecting a retest of prior downtrend line established from previous high breakdown. Shortby Taahir_Joosub4
CAPITECCurrently hit the S/R Flip zone, we expect more sellers to flock inShortby TheGreatestMarketAnalyst5
Capitec - At ResistanceKeep your eye on CPI. - Price at prior breakdown level (May 2019). - Price breaching incline support. - RSI strong but in signaling a bearish divergence. - Yesterday may have been a blow-off candle. Caution to the fresh longs. by LD_Perspectives7
Back to 140000? Capitec long ideaLooking at the current correction to complete as follows. First leg was 3 waves, expecting another 3 waves up to previous highs with another 3 down back to current levels to make a flat correction for more upside. Got a bit carried away with this one.Longby TheBrokeTraderUpdated 5