Transaction Capital ready to shoot up to R18.56 thanks to a box?

Box Formation has formed on TCP.

We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position.

However, we are seeing potential signs of a bottom as there could be more buying to push the price up.

Other indicators show including:
200> 7=21
RSI>50 higher lows
Target one will be to the top of the downtrend resistance at R18.56

ABOUT THE COMPANY

Core Focus:
Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services.

Founding Year:
The company was founded in 2007.

Credit Services:
The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market.

Taxi Services:
The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators.

Ride-Hailing Investment:
Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies.

Risk Management:
The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively.

Technology Integration:
The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience.

Social Impact:
Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.