Firstrand has formed a head & shoulder formation on the daily chart. It made a false break out of the head & shoulder as well as the bullish downward channel. It is currently testing the ema 50, and i am waiting for a turn around candle to enter trade. First target is 6900, 2nd target 7600.
Should price go below 6342, this would negate this trade.
Should price go below 6342, this would negate this trade.