Capitec showing strong upside since break in downtrend to R2040

12 апр. 2023 г.

Cup and Handle formed on Capitec since it broke above the Downtrend.
Now that the price is above the brim level shows strong momentum up.
Indicators also confirm upside
7>21
Price<200 but moving back to it's elastic equilibrium level
RSI>50
Target R2040.00

ABOUT THE COMPANY
Capitec was founded in 2001 and is headquartered in Stellenbosch, South Africa.

The bank has over 15 million clients as of 2023, making it the third-largest bank in South Africa by number of customers.

Capitec offers a range of banking products, including savings accounts, personal loans, credit cards, and insurance.

The bank is known for its simplified and transparent fee structure, which includes low transaction fees and no hidden costs.

Capitec uses advanced technology to provide its customers with a seamless and convenient banking experience. The bank has a mobile app that allows customers to manage their accounts, transfer funds, and pay bills.