Transaction Capital Glimmer of hope to R6.88Transaction Capital has had a tough year.
Between the CEO stepping down and with the market being in free fall.
In September the price made a Breakway way, this signalled more selling and supply to bring down the price.
Now we have seen a slight recovery pattern (Cup and Handle). This shows that the price is going to head up to fill the gap at around R6.88.
Once it reached this level, we'll get more of an idea of where the price is more likely to go.
Right now, it looks more bullish in the short term.
TAXI
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.
IT'S TIME TO CONTINUE LONGING $UBERContextual immersion trading strategy idea.
Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $32,62;
stop-loss — $30,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$UBER can fall in the next daysContextual immersion trading strategy idea.
The demand for UBER's shares looks lower than the supply.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can continue to cause a fall in the share price in the next days.
So I opened a short position again from $23,45;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
UBER: Close to the 0.618 Fibonacci. Pull back buy opportunity.UBER has recovered 50% so far of the sell-off since the July high and is now close to the 0.618 Fibonacci retracement level. With the RSI on extremely overbought levels both on 4H (RSI = 85.104) and 1D (RSI = 84.218), we expect a pull back and consolidation here within the 0.382 and 0.618 width.
The 4H RSI is on a Channel Up since the November bottom and its support levels are as seen on the chart. Use them accordingly. We expect UBER to soon recover its highs and our Target Zone is 44.70 - 47.00.
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$UBER Uber Tech EOY 2019, $32 crucial zone for further gain$UBER Uber Tech EOY 2019, $32 crucial zone for further gain
First of all, made once the IPO started a post that it would go down -47% from the IPO price, practicly reached it so far.
Looks like a bit of bullishness getting here. Trendline and 76.8 could decide if this keeps going or not.
Fundamental not bullish on UBER. But if the charts says something else :)
Getting rejected at the 61.8 fib from the run from $33 till ATL.
Looks like it makes support on 21 novembre so i could try to gain till $32.
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