Firstrand

This idea is part of a larger research report and should only be considered within a well-diversified portfolio.

- Year-To-Date Supply Being Tested
- Pre-Market Price: 5325c (10-May-2021)
- My analysis considers a buy/long trade as the price makes another attempt to clear the year-to-date overhead supply.
- Since November, the price has developed a gradual upward-trending channel, with a two zones of higher lows.
- Look for further consolidation, with a pullback to below ~5240c.
- Provisional Levels:
- Accumulation Area: 5180-5250
- Stop-loss: 4920
- Target Range: 5690c-5750c.

*Manage your own risk*