Capitec Bank Hldgs Ltd

CPI - Doji Reversal

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A doji candle formed on CPI at a strong support level. This is often a good indication that a reversal may occur. Along with this, the same candle broke through and closed above a resistance line that started forming on the 22nd of Aug. With today's price action the order has been triggered and we have entered into a long position. We are aiming for a target at around the 1800 level.

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