FirstRand Limited

POSSIBILITY OF AN UPSIDE PROJECTION (CONTINUATION)

153
FSR is very much bullish but we had sideways movement (accumulation of orders) from March 2022 to July 2024 finally we took liquidity and we had an impulse movement to the upside (Elephant stepped in the pool). The market after breaking the structure it maintained above external high showing intention of a bullish bias, Ey I would be unreasonable to think the market will just push up without a retracement making the price efficient before the bull run..... The back bone of the setup is momentum the correction down to my point of interest is something I could wish for -this is textbook- the concept "sprint & recovery" fits this to perfection. My stops will be around R56.50 stop loss represents where your setup is no longer valid

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.