VillageTraderZA

Capitec Looking very good Cup and handle

Largo
JSE:CPI   CAPITEC BANK HLDGS LTD
Beautiful cup and handle on Capitec. If The stock break the 147852c even better if we can take out that high. I will potentially add into my position with a limit order a few points above the 152500c. Projecting the higher of the cup makes 216057c The break of the bull flag(handle) is also a nice entry. Perhaps adding to the position once the stock breaks the 147852c resistance level. And again as it takes out the high. Patience is needed here this could take a while. Price action on the daily chart is looking good. The stock holding the 50d EMA as support. Making a higher low. A fair bit of volume coming in. Since it closed above the 50d EMA. There's some good wind at the back

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