做空

Firstrand looking horrendous - Target to R64.47

Inv Cup and Handle has formed on First rand.
Price<20 and <200 which makes it a Medium Probability trade.

But judging by the large down candle and the Fair Value Gap - means momentum is strong to the downside.

Target R64.47

This is strange considering how bullish the JSE Top 40 is looking. So it might be either a large fakeout or there is downside to come for the banks.

Timonrosso

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Timon Rossolimos
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(Pro trader since 2003)

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Timonrosso