Capitec 
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 confirm by crossing above the signal line.
Entry for me would be a positive close somewhere above R1370, with a price target of R1497 but with some expected resistance at the R1457 range.
Longer term target would be R1614 with an exit when it falls below R1310.
Reward: 17.84%
Risk: 4.38%
Ratio: 4.07
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 confirm by crossing above the signal line.
Entry for me would be a positive close somewhere above R1370, with a price target of R1497 but with some expected resistance at the R1457 range.
Longer term target would be R1614 with an exit when it falls below R1310.
Reward: 17.84%
Risk: 4.38%
Ratio: 4.07
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.