Capitec fakeout and waiting for conservative buy level
We saw Capitec form a W Formation. The price broke above the neckline and then made a fakeout.
Now it will be testing the uptrend support line before further upside to come.
I am bullish cautiously, but we still need the demand levels to pick up.
The target will then be R2,485.00
Now it will be testing the uptrend support line before further upside to come.
I am bullish cautiously, but we still need the demand levels to pick up.
The target will then be R2,485.00
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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)
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