My thinking is Capitec is getting ready to leave the station.
Capitec has been sitting on the bench at the station for a long time in its bull flag formation. Parhaps a close above 140 would mean its ready to buy its tickets and leave on the long road?
* Weekly
- Stochastic has short period crossing, as well as MACD
* Daily
- Just Just touching the trend line - first real break attempt (Don't know if we need a little more oomph to pull it off)?
- MACD Already crossed - yet in the negative half still
- Stochastic is moving up.
I would wait for a clear breakout.
Please, guys - this is my very first idea, please comment and help with the analysis - as I'm still very new at this!
Would love to hear your thoughts?
B
* Weekly
- Stochastic has short period crossing, as well as MACD
* Daily
- Just Just touching the trend line - first real break attempt (Don't know if we need a little more oomph to pull it off)?
- MACD Already crossed - yet in the negative half still
- Stochastic is moving up.
I would wait for a clear breakout.
Please, guys - this is my very first idea, please comment and help with the analysis - as I'm still very new at this!
Would love to hear your thoughts?
B
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