Cup and Handle has formed on Capitec's Daily chart. We've had a disappointing 12 months with banks and its downside. And today, the price opened above the Brim Level. This means, the buying and demand is more likely to take the price higher. Other indicators confirm: 7>21 - Bullish Price<200 But price is heading to the 200MA RSI>50 Target R1,853. SMC Sell...
Cup and Handle formed on Capitec since it broke above the Downtrend. Now that the price is above the brim level shows strong momentum up. Indicators also confirm upside 7>21 Price<200 but moving back to it's elastic equilibrium level RSI>50 Target R2040.00 ABOUT THE COMPANY Capitec was founded in 2001 and is headquartered in Stellenbosch, South...
Inverse Cup and Handle formed on Capitec and the price has just been on a strong downside trend for the last year. We had a break below the brim level with indicators showing strong negative divergences. 200>21>7 RSI>50 - Mixed Target R1,528 ABOUT THE COMPANY Capitec is a South African retail bank that was founded in 2001 and is headquartered in Stellenbosch,...
Capitec has been sitting on the bench at the station for a long time in its bull flag formation. Parhaps a close above 140 would mean its ready to buy its tickets and leave on the long road? * Weekly - Stochastic has short period crossing, as well as MACD * Daily - Just Just touching the trend line - first real break attempt (Don't know if we need a...
Capitec JSE:CPI might also bounce off the bottom of a 100-day regression channel, having just touched a recent horizontal support line. The Stochastic indicator signalled a trend reversal on 26 February 2021 by crossing up through the slow line from a low base, but the RSI still has to make its way through the 50's I am also still waiting for the MACD to...
JSE:CPI Testing double top conformation line. If it breaks bellow target is around 1220 or there about.
JSE:CPI Breaking flat bottom triangle. Target around 136500. If that levels breaks there will be double top in plan. All in all looks bearish here.
JSE:CPI Not bothered with sell off that goes on JSE and rest of the world. Stuck in box for last 2 weeks or so. Watch for break one way or the other.
After breaking the upward stride and going overbought Capitec is now consolidating. It is busy breaking back into the trend channel. After a buying climax (BC), automatic reaction (AR) and secondary test (ST) in phase A we now have seen an upthrust (UT) in phase B. This is showing some strength but was on low volume and divergence with the volume RSI. Now to watch...
JSE:CPI Hourly chart with bearish flag. Full target should be around 126000.
JSE:CPI Long term chart Negative divergences Results next week on 28 March.
Established in 2001, Capitec has become South Africa’s fastest growing bank, and today has more than 7.3 million clients, 720 branches and over 11 000 employees. With shares listed for sale on the Johannesburg Stock Exchange (JSE) in 2002, the bank is renowned for its affordability and simplified model of banking, which has received superb buy in from clients of...
After very low volumes of the holiday period today there was a strong push to new highs with volume returning. Will be looking for a move to the supply line of the upward stride.
JSE:CPI After making all time high $JSECPI pulled back and made falling wedge in the process. Looks more upside coming.
JSE:CPI Was trading in fairly well defined Chanel for most of the year. Brooke higher yesterday and today on open but struggling to hold. Making big engulfing bar so far. Still early but watch for potential reversal towards bottom of the channel