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Trader-Dan

FAMOUS BRANDS - Breaking shortterm downtrend

Long
FAMOUS BRANDS LTD (JSE:FBR)  
Trader-Dan  
JSE:FBR   FAMOUS BRANDS LTD
Support and Resistance Supply and Demand Fibonacci
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supportandresistance supplyanddemand fibonacci
- After a heavy sell off as posted in the previous link below, there is early signs of breaking out of the recent downtrend.

- Stock may consolidate first before breaking out

- A close below R5378 would negate the idea

- NB countertrend trade

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.
-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

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FAMOUS BRANDS - Looking very bearish
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