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VillageTraderZA

Bearish Triangle

Short
FIRSTRAND LTD (JSE:FSR)  
VillageTraderZA  
JSE:FSR   FIRSTRAND LTD
Trend Analysis Technical Indicators Chart Patterns
2
0
trendanalysis indicator chartpattern
A bearish triangle on FSR

Financial stocks are under pressure.

The 50 day EMA seems to hold on the 4th wave. If the price breaks a and closes below the support of the symmetrical triangle I'm looking to short the stock.

The risk reward is favorable
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