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CAPITEC going down further due to a Reverse Cup and Handle

Since the last analysis, Capitec is continuing to look Bearish.
It's formed another RARE formation called a Reverse Cup & Handle. This is where the handle is on the left side.
Now that the price has broken below the new Brim level at R1659.23
My second target for the bank is at R944.16.

Side note: All the South African banks are showing major downside to come still, not just Capitec. I'm short three of the banks...

Timonrosso

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Timon Rossolimos
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(Pro trader since 2003)

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Timonrosso

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