Capitec - Symmetrical Triangle BreakoutA symmetrical triangle formed on JSE:CPI from mid Jan and with yesterday's upward move it broke out of the top of the triangle. Generally, we see a nice continuation once the price breaks out of a triangle. Hopefully we will reach our target at the 2315 level.Longby RossLarter0
CAPITEC - Short opportunityAlong with the stochastic, MACD and 3&15 EMA's all signaling a downward move, JSE:CPI has also broken through quite a strong upward trendline. It is looking good for a short position if this momentum continues. We are aiming for the target down at the support level at around R1686Shortby RossLarter1
CPI - Doji ReversalA doji candle formed on JSE:CPI at a strong support level. This is often a good indication that a reversal may occur. Along with this, the same candle broke through and closed above a resistance line that started forming on the 22nd of Aug. With today's price action the order has been triggered anLongby RossLarter0