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Capitec Bank

  • Writer: Lester Davids
    Lester Davids
  • 15 hours ago
  • 1 min read

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes


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Capitec Bank | It's worth noting the bearish engulfing candle formation developed during the last session (Thursday, 27 August). The close was the lower for the week and may be the start of the breach of the incline support extending back to the late March swing lows. Resistance is the 8 and 21-day exponential moving average while support is a very fragile 75-day exponential moving average with poor candle structure likely to breach it to the downside. For now, the price action points toward a 'sell on rally' technical rating.


Lester Davids

Senior Investment Analyst: Unum Capital

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