Capitec 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...
Price Action Short Contact me via email for one on one financial markets consultation kamogelok(at)gmail(dot)com ;)
USDZAR just finished a retest for a quick short
on bigger time frames; daily and weekly there is a bounce which shows that it's a major support around 1.11873, it did not break below and opened another candle stick with a bullish one on a weekly and daily. the hourly time frame also shows an opportunity for a long.
Bearish head and shoulder
on the daily and weekly it just hit the support level of the retest
last batwing formation completed , anytime from now stock might go south.
With the local ZAR currency weakening due to political and economic uncertainties, there's an opportunity to go long in a global company like NPN.
Sell EUR to complete Batman's logo :)