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RossLarter
Oct 25, 2019 9:09 AM

Bearish Engulfing on Firstrand Short

FIRSTRAND LTDJSE

Description

A bearish engulfing chart pattern formed on JSE:FSR which is often a top reversal signal. The stochastic has also turned downwards which further confirms the signal.

I will however wait until it breaks through the fractal level from the 21st of October before entering short, as it isn't the most convincing of engulfing candles as the top of the two candle bodies is exactly the same level.
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