CPI - In The Money
The chart below highlights the performance of Capitec Bank, which has declined by over 10% since last week's research note where clients were to a pending sell/short.
Included in my note was the following:
1. Weekly Chart highlighting the potential price path.
2. The TTG as of Friday's close.
3. The 7-day Technical Trend Rating shows the share as trading in overbought territory.
4. The 7-Week Technical Trend Rating shows the share as trading in 'high bullish momentum/approaching overbought' territory.
5. A common valuation metric for banks is Price-to-book. As of Friday's close, Capitec trades at 6.48x vs substantially lower levels for it's peer group.
Included in my note was the following:
1. Weekly Chart highlighting the potential price path.
2. The TTG as of Friday's close.
3. The 7-day Technical Trend Rating shows the share as trading in overbought territory.
4. The 7-Week Technical Trend Rating shows the share as trading in 'high bullish momentum/approaching overbought' territory.
5. A common valuation metric for banks is Price-to-book. As of Friday's close, Capitec trades at 6.48x vs substantially lower levels for it's peer group.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.