FirstRand Generating Cash, Rebounding 10%

Trade FirstRand with Unum Capital.

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Rebounding from the buy range. Scroll down to see the previous post.

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Previous Post (Saturday, 05 April, 07h38) Actionable Areas: FirstRand Ltd

FirstRand (FSR) is down 29% from it's Sept-2024 peak, with the share trading near it's June lows. It's not inconceivable that the share could trade down at the 5800c to 6000c range, which is a medium term support range. At current levels, oversold conditions are already present which reflects aggressive selling pressure however, also raises the probability of an ultra short term rebound. Last close: 6293c

FSR Daily Chart as of the close on Friday 04 April

Lester Davids

Analyst: Unum Capital