CAPITEC BANK (CPI) DAILY TIMEFRAME LONG
Uptrends rarely come as crystal clear as this. I feel bad for not having bought this stock earlier even though i stay in South Africa where it is listed. However, for all those traders like me who missed the initial rally, i expect prices to go up further. A good place to enter a long position would be if price retraces to the 134290 price level.
Traders can also enter on the retest of either the 20- or 50-period exponential moving average (EMA), which are both currently acting as dynamic support.
Remember, a trend is your friend (why fight it?)
Traders can also enter on the retest of either the 20- or 50-period exponential moving average (EMA), which are both currently acting as dynamic support.
Remember, a trend is your friend (why fight it?)
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