FSR Short PositionEntered a JSE:FSR short position because of the Dark Cloud Cover on a very strong resistance. We will look to ride this one out until the support level below.Shortby RossLarter4
$JSEFSRJSE:FSR Broke higher from month long consolidation. If break out holds target around 70.00by ALSITRADERUpdated 6
JSE:FSR First Rand New Re-accumulation RangeFSR has a similar structure to RMH (See link below). FSR has also found support at the previous accumulation range and the Yearly Pivot Point. With the Rand (ZAR) strengthening (See link below) this also provides support. The high volume after the breakout can be seen as a Buying Climax (BC). The bottom of the range provides support on higher demand volume. We have now tested it again and the OBV is indicating the upward pressure. Will be looking for a test of the top of the trading range.Longby SteynTradeUpdated 9
Trend analysis Bullish trend testing support/resistance waiting for pullback for long positionsLongby Tebogo_Makofane3
$JSEFSRJSE:FSR Making inverted head and shoulders. Neck like still far but something to watch over next few days by ALSITRADER5
JSE_FSR: First Rand Wyckoff Re-accumulation after DeclineFirst Rand (JSE_FSR) has been undergoing re-accumulation after decline which is the weakest type of re-accumulation. Price has jumped the creek and backed up to the trading range. There is now showing Signs of Strength (SOS) with lower volume. The stock has show prior leadership even thou it is not in the best performing sector. Will be looking for the breakout on the daily or inter day TF to go long. Longby SteynTradeUpdated 5