Transaction Capital ready to shoot up to R18.56 thanks to a box?
Box Formation has formed on TCP.
We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position.
However, we are seeing potential signs of a bottom as there could be more buying to push the price up.
Other indicators show including:
200> 7=21
RSI>50 higher lows
Target one will be to the top of the downtrend resistance at R18.56
ABOUT THE COMPANY
Core Focus:
Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services.
Founding Year:
The company was founded in 2007.
Credit Services:
The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market.
Taxi Services:
The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators.
Ride-Hailing Investment:
Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies.
Risk Management:
The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively.
Technology Integration:
The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience.
Social Impact:
Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position.
However, we are seeing potential signs of a bottom as there could be more buying to push the price up.
Other indicators show including:
200> 7=21
RSI>50 higher lows
Target one will be to the top of the downtrend resistance at R18.56
ABOUT THE COMPANY
Core Focus:
Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services.
Founding Year:
The company was founded in 2007.
Credit Services:
The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market.
Taxi Services:
The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators.
Ride-Hailing Investment:
Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies.
Risk Management:
The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively.
Technology Integration:
The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience.
Social Impact:
Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
✅ 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.