Firstrand
We have a nice bearish flag on the share. The previous week’s bearish engulfing candle looks to be playing out. We also had a golden cross in the early stages of the flag formation. If we break below the R34 level, we could see some further pressure on the share. R29, 25, and R14 levels are potential targets. We might see some reactions at those levels. As they were support back in 2013-2014.
Weekly game plan: villagetrader.co.za/...23-october-analysis/
We have a nice bearish flag on the share. The previous week’s bearish engulfing candle looks to be playing out. We also had a golden cross in the early stages of the flag formation. If we break below the R34 level, we could see some further pressure on the share. R29, 25, and R14 levels are potential targets. We might see some reactions at those levels. As they were support back in 2013-2014.
Weekly game plan: villagetrader.co.za/...23-october-analysis/