Transaction Capital in a strong downward range to R26.46
Falling Range is a trend channel bearish
200> 7<21
Target R26.46
CONCERNS:
A trend channel is never as strong as a breakout pattern. The reason is the price can move in a sideways range before it continues its down or up leg. Also the price doesn't always touch the edge of the channel.
I would wait for a breakout before I decide whether to buy or sell.
ABOUT:
Transaction Capital (Est. 2001 in JHB SA) is a South African financial services company that provides a range of services, including debt collection, vehicle and asset financing, and insurance services.
Transaction Capital has a strong presence in SA including Zimbabwe, Zambia, and Mozambique.
The company's debt collection division is one of the largest in South Africa, serving both consumer and commercial clients.
With their asset department they provide financing solutions for a range of assets, including vehicles, trucks, and earth-moving equipment.
The company's insurance division offers a range of insurance products, including motor, household, and life insurance.
200> 7<21
Target R26.46
CONCERNS:
A trend channel is never as strong as a breakout pattern. The reason is the price can move in a sideways range before it continues its down or up leg. Also the price doesn't always touch the edge of the channel.
I would wait for a breakout before I decide whether to buy or sell.
ABOUT:
Transaction Capital (Est. 2001 in JHB SA) is a South African financial services company that provides a range of services, including debt collection, vehicle and asset financing, and insurance services.
Transaction Capital has a strong presence in SA including Zimbabwe, Zambia, and Mozambique.
The company's debt collection division is one of the largest in South Africa, serving both consumer and commercial clients.
With their asset department they provide financing solutions for a range of assets, including vehicles, trucks, and earth-moving equipment.
The company's insurance division offers a range of insurance products, including motor, household, and life insurance.
✅ 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)
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