Room To Run: A Breakout, Similar To Capitec Bank

Research Notes January 2026 > https://www.unum.capital/post/rjan2026

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Capitec Bank's 2023 Weekly Breakout.

Now, a similar pattern has emerged on another JSE listed share. In Q3 of last year, we called a BUY at ~R214, which was followed by a massive rebound to above 26700c.

Can it pull back in the short term? Yes.

Does it have the potential to advance over the medium to long term? Yes.

This is what the weekly chart looks like.

Below is an extract from the Buy Idea in Q3 of last year.

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Lester Davids

Senior Investment Analyst: Unum Capital