CAPITA PLC - Regular bullish divergence
*Investment opportunity - low risk*
On the above monthly chart above price action has corrected 95% since mid-2015 with following oversold condition (dark orange column). There now exists a number of technical indicators that make Capita an exciting stock to add to your portfolio. Lets go through them:
1) Regular bullish divergence. Price action makes a lower low while the oscillators print a higher high. The 2-month chart below provides a clearer picture of this bullish divergence.
2) Volume increase. A large capitulation candle formed during the month of March 2020, ever since buyers have been accumulating. Together with point (1) above this is very bullish.
3) Monthly Bullish engulfing candle. Indicated above with the blue ‘BE’ marker, the Bullish engulfing candle on the monthly chart is not to be ignored. A very powerful indication of an imminent trend reversal.
A buy from 32 is perfect
1st target, 75
2-month chart
On the above monthly chart above price action has corrected 95% since mid-2015 with following oversold condition (dark orange column). There now exists a number of technical indicators that make Capita an exciting stock to add to your portfolio. Lets go through them:
1) Regular bullish divergence. Price action makes a lower low while the oscillators print a higher high. The 2-month chart below provides a clearer picture of this bullish divergence.
2) Volume increase. A large capitulation candle formed during the month of March 2020, ever since buyers have been accumulating. Together with point (1) above this is very bullish.
3) Monthly Bullish engulfing candle. Indicated above with the blue ‘BE’ marker, the Bullish engulfing candle on the monthly chart is not to be ignored. A very powerful indication of an imminent trend reversal.
A buy from 32 is perfect
1st target, 75
2-month chart
Operación activa
Operación activa:
Up almost 40% in one month - fantastic.
Price action is currently approaching a point of resistance, a pullback may occur - ignore it. There is no indication of a sell signal whatsoever.
Price action is currently approaching a point of resistance, a pullback may occur - ignore it. There is no indication of a sell signal whatsoever.
Operación activa
Comentarios:
up 42% so far, if you're patient price action will reach 72 not before long.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR