Trade FirstRand Ltd with Unum Capital.
To get started, email lester@unum.co.za
Gap filled, 61.8% fib tested and rebounding.
Previous Post (16 February): Trading FSR
Compared to the broader market and along with the sector, the FSR is showing relative weakness. The share is trading below it's 75-day EMA which has, for around 10 weeks, started to trend lower. The 61.8% Fibonacci retracement is at ~7000c, which is also in line with the unfilled gap. This can be seen as a provisional buy/long re-accumulation range.
Analysis (Including Chart + Data) as of Friday 14 February at 09h45
Lester Davids
Analyst: Unum Capital
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