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SteynTrade
Jul 9, 2020 6:20 PM

JSE:FSR Firstrand Wyckoff: Effort Without Response Long

FIRSTRAND LTDJSE

Description

Volume is high indicating effort but price has been making higher highs (without response). There has been high volume between R35 and R40. Negative divergence on the volume RSI also points to the effort without response. I am looking for a test of R55 to R60.
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