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Trad3r_16
Jul 19, 2023 5:14 AM

Famous Brands - Targeting R51.50 ? 

FAMOUS BRANDS LTDJSE

Description

FBR has been struggling to regain TL support (blue) for the last few trading sessions and now looks like it has finally broken its uptrend. There is a good area of support at the horizontal line further below at around R51.50 which should provide a good long opportunity. However, with these illiquid stocks, it might be a good idea to nimble beforehand, possibly anywhere below R55 should it get there.
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