Swing Trade: Capitec Bank

2021년 3월 2일Capitec 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