Capitec Analysis

R1500 has been set as the price to beat. Capitec has been tame recently but gladly no aggressive dips. The share has continued to respect the uptrend support and getting very close to breaking through this support and sustaining into horizontal trend. Our hope however is that it doesn’t break and hopefully breaks resistance instead. However this is a good time to stock up on this stock at this predictable level. Capitec still has a lot of growth ahead of it if history is anything to go by.