SteynTrade

JSE:FSR Fistrand Failing at Resistance

Short
JSE:FSR   FIRSTRAND LTD
A year back - see post below - we looked for push back to R55 - R60. After reaching this area of significant resistance on the weekly timeframe we have now seen a distribution trading range with a typical Wyckoff pattern. Selling pressure is seen in the volume and a change in character significant bar is indicating the start of a markdown to test the covid lows.

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