CAPITEC going down further due to a Reverse Cup and Handle
Since the last analysis, Capitec is continuing to look Bearish.
It's formed another RARE formation called a Reverse Cup & Handle. This is where the handle is on the left side.
Now that the price has broken below the new Brim level at R1659.23
My second target for the bank is at R944.16.
Side note: All the South African banks are showing major downside to come still, not just Capitec. I'm short three of the banks...
It's formed another RARE formation called a Reverse Cup & Handle. This is where the handle is on the left side.
Now that the price has broken below the new Brim level at R1659.23
My second target for the bank is at R944.16.
Side note: All the South African banks are showing major downside to come still, not just Capitec. I'm short three of the banks...
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.