Medium term view - CAPITA PLC : The ADX is overbought.
The trend is still bearish, the invalidation level is above 537.00 p. The target is at 402.00 p.Arguments :
- The major resistance has been reached, it causes the fall.
- The ADX is overbought.
Capita is a provider of technology-enabled business process and customer management services and other support services for its clients across the private and public sectors in the U.K. and Europe. Co.'s target markets are in the private sector, which consists of life, pensions and insurance, financial services, utilities and telecoms, retail, travel and transport, and other private sector; and in the public sector, which consists of central government, local government, education, health, justice and emergency services and defense.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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