Capitec has broken the resistance level of 1000.00. Currently at 1048.00, Look for a pullback to buy and hold. One can also look to buy now and hold. I am not setting a take profit because I think this share is going to run nicely in 2018 especially if Cyril Ramaphosa restores investors faith in South Africa again and our rand strengthens.
Set your own take profit.
All the best for the new year and I wish you all a Merry Christmas.
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.