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RossLarter

Possible short on CAPITEC

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CAPITEC BANK HLDGS LTD (JSE:CPI)  
RossLarter  
JSE:CPI   CAPITEC BANK HLDGS LTD
Trend Analysis Candlestick Analysis ALSI ZAR southafrica capitec darkcloudcover
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trendanalysis candlestick alsi zar southafrica capitec darkcloudcover
CPI formed a dark cloud cover candle pattern a few days back which is a possible reversal signal. The MACD and the Stochastic both seem to be on their way down as well which could serve as confirmation for a downward move. I will wait for it to break the previous support level and then consider a short position.
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