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FSR - Breaks out of 42 week triangle
FIRSTRAND LTD
Long
FSR - Breaks out of 42 week triangle
By zeerotrader
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Jun 20, 2019
2
Jun 20, 2019
Looking at the FirstRand, we may derive the following from the weekly chart:
1. A noticeable technical pattern had been formed over the past 40+ weeks.
2. Price is trading outside of the triangle.
3. Note the weekly candle hasn't closed yet.
4.
A solid close above 72
should take us back to the 2018 high.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
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