Capitec breakout

CPI

The price broke out of the range on the 30th of September 2020 and confirmed closing above R1024. The price close above both the 200 Week and day EMA. target is that R1319 previous minor support. Will be monitoring price action if/when the price gets closer to that level. The split from PSG group is important to note. It will possibly trigger some significant buying into Capitec as it gets up weighted in the indices its in.

The week's plan; villagetrader.co.za/2020/10/05/week-5-9-october-analysis/