RossLarter

CPI Piercing Line

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JSE:CPI   CAPITEC BANK HLDGS LTD
CPI formed a piercing line pattern with Friday's close which is a bottom reversal signal.

After a preceding downtrend, the green candle opens below the previous day's close and above the middle point of the red real body. It is a bottom reversal signal, but the candles MUST be different colours.

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