Two Shares At Risk Of Breaching Incline Support From A Medium Term Overbought Range
Both names at risk of breaking their 'wedge formations.
Capitec Bank (CPI) - (1) Continuous resistance at the upper boundary of it's long term channel (2) extended vs 21-week EMA.
Firstrand (FSR) - (1) Re-testing the breakdown of the rising wedge formation (2) failing at the multi-year swing high (3) extended vs 21-week EMA
Lester Davids
Analyst: Unum Capital
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