LD_Perspectives

Transaction Capital: High Quality Management Team

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JSE:TCP   TRANSACTION CAPITAL LTD
David Hurwitz and team have continued to deliver for shareholders, with a defensive business model, consistent earnings growth and transformative transactions (see We Buy Cars) which could propel the business into it's next leg of growth.

The price has traded in a sideways range since late May however the most recent set of higher lows suggests potential for buyers to overwhelm sellers, clear the overhead resistance, re-test and then possibly continue to trend higher.

We may see a break above resistance, followed by short consolidation and then a possible trend. I have flagged this idea as LONG, but await price confirmation.

Additional Technical Considerations:

Price above rising 100 and 200-day SMA.

Last Price: 3827c

Short term failure will be a close below 3560c.

Time Frame: Medium Term
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