Trading Capitec Bank: Zooming Out / Long Term Channel As Reference Point For Potential Short/Sell Ranges

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august

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High risk as the growth/story keeps attracting buyers. Zooming out, the share has the potential to test the upper boundary of it's multi-year channel. Prints above R4175 could see similar selling action emerge as in prior years (see red arrows). The yellow arrow on the chart is the POTENTIAL PRICE PATH.

Lester Davids

Senior Investment Analyst: Unum Capital