techpers

Transaction Capital

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JSE:TCP   TRANSACTION CAPITAL LTD
I last recommended this name on 24 August 2021 @ 3800c based on an attractive technical setup and management's ability to execute over the long term. It traded up to 5200c and has since retraced to the same price. Now trading lower boundary of megaphone formation as well as at the lower boundary of the 200-period linear regression channel (2.5 to 3x mean). The pullback (down 25% from 52w high) has provided a potential opportunity to add. I'm looking at 3765 to 3840c as an accumulation zone. Stop-loss: 3575c. Target: 4360c.

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