See link below for previous analysis.
Capitec continued to trend as previously forecasted but now there are two major signs of concern.
I count five waves up from the May 2023 low and there is strong price/MACD divergence.
Wave 5 can continue further up from here but a break below 196116 cps will confirm that the the five wave advance is complete; a new should see wave 5 extend into new all-time highs.
I am neutral at this juncture.
Capitec continued to trend as previously forecasted but now there are two major signs of concern.
I count five waves up from the May 2023 low and there is strong price/MACD divergence.
Wave 5 can continue further up from here but a break below 196116 cps will confirm that the the five wave advance is complete; a new should see wave 5 extend into new all-time highs.
I am neutral at this juncture.
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