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Firstrand looking horrendous - Target to R64.47
FIRSTRAND LTD
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Firstrand looking horrendous - Target to R64.47
由Timonrosso提供
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2024年10月29日
2
Inv Cup and Handle has formed on First rand.
Price<20 and <200 which makes it a Medium Probability trade.
But judging by the large down candle and the Fair Value Gap - means momentum is strong to the downside.
Target R64.47
This is strange considering how bullish the JSE Top 40 is looking. So it might be either a large fakeout or there is downside to come for the banks.
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Timon Rossolimos
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(Pro trader since 2003)
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