FSR

From my the prior week's research report (10-May-2021).

There are times when you've really got to be patient with stocks (not easy). In this case it FSR where I was expecting continued 'chop' as the share attempts to break the year-to-date resistance (see potential price path on chart). So far we've seen a pullback (as expected) with another attempt to turn up in the last two sessions. The current level is in the middle of a broader channel which has been in place since November.

Below 5135c is temporary failure/SL.

Key level is the year-to-date supply at 5330c, which is what I was referring to in my report. If this level turns to support, it will add confidence to the idea.

Also, a broader update on my positioning coming into the week, as per my research report

Amidst the weakness thus far this week, I have seen some of my themes/views started to take shape (a big focus on relative performance).

Non-Comprehensive:

- Gold over Copper +4% yesterday
- Platinum bear flag in process of triggering. Support broken yesterday.
- IMP losing ground from multi-year highs. Down over 8% yesterday - Risk view based on monthly chart (resistance and structure). Short term, the R215-220 area is of interest to me (as a buy/long) - will monitor.
- Telecommunications vs the All Share Index. +1.72% thus far. TKG and VOD up +8% and 1.8% for the week.
- Food Producers positive relative to the market. The market responding positively to results TBS. Share has cleared the key +R220 level we have been monitoring since March, with the 200-week SMA as target (now around R265). Will monitor closely if price action turns negative but for now it continues to act well.

All the best.