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This (JSE Bank) Sell Idea Is In The Money By +4.8%

  • Writer: Lester Davids
    Lester Davids
  • 58 minutes ago
  • 3 min read

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities

Free Content: July 2026 > https://www.unum.capital/post/rjuly2026

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Capitec Bank (CPI)


Tighten your stop-loss to protect capital. if you took it from the trigger then the gain is slightly lower however if you followed the price path then the gain is around 4,8% (ungeared). I am expecting more downside however, in the ultra short term, rebounds are always possible.


Anyone capitalize on this one or any of our recent ideas?

Which ones? which ETFs? which stocks?

Get in touch today at lester@unum.co.za



Previous Post (13 July)

💡Capitec Bank: Have You Looked At It From This Angle? Placing It On Your Radar


If you're a trader with access to the full market depth (bids/offers), then I'd suggest monitoring it closely for a evidence of above-average offers, which may suggest the start of some selling pressure. Analyzing the daily chart reveals a potential double top formation that could open an opportunity for short-sellers and subsequently, lower levels. The structure is similar to the previous 'double top' technical formation which was triggered by an increase in volume as the price breached the incline support. Currently, R4669 acts as ultra short term support, meaning that for the idea to trigger, we need to see a break of this support (on elevated volume). An alternative scenario is the share putting in a 1 or 2 day rally which fails to hold before moving back below the trend line.



READY TO TRADE: ACTIONABLE AREAS


For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital.


The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include:

  • Short-term ratings and medium-term regimes

  • Momentum indicators

  • Horizontal or diagonal support and resistance

  • Candle structure

  • Moving averages and standard deviation


Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors.


THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK

  • It helps helps clients determine and shed light on the some of the following:

  • The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames.

  • Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks)

  • Whether the reward-to-risk is attractive for a buy/long position

  • Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down)

  • Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short.

  • Whether a trader can look to buy a pullback into a key moving average (continuation trade)

  • Whether a share needs to break a range for a new trend to be determined (bullish or bearish)

  • Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal

  • Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend

  • Whether the upward momentum is slowing (if it's in a bullish phase)

  • Whether buyers can look to 'phase in' to a position (if it's in a bearish phase)

  • Whether a share lacks directional bias.

  • The data set is available in real-time (on request)

  • The readings are subject to change as the price action develops.


Lester Davids

Senior Investment Analyst: Unum Capital

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