VillageTraderZA

Nice breakout to a higher range

Long
JSE:FSR   FIRSTRAND LTD
Nice breakout into the higher range of R68 – R76 from R59.50 – R68

The stock had previously attempted to break higher but that proved to be a false break.

A new relative high provides a good 2.3 Risk: Reward ratio for the R76.67 target with a stop loss at R66.90

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.