Trade Capitec Bank with Unum Capital.
To get started, email lester@unum.co.za
The following chart is published as a result of a client query regarding Capitec Bank.
"Hi Lester. I want to get your take on Capitec potential levels. Where do you see support levels for the stock?
My response was as follows:
Good day {client name}. Support doesn't appear to be very clear, but recently I marked these levels on the CPI chart. The blue range (R2785 to R2836) being at/around the 200-day SMA (a range to cover shorts or re-enter a long for a short term rebound). As always, I expect an overshoot to the downside.
Lester Davids
Analyst: Unum Capital
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