Firstrand looking horrendous - Target to R64.47

10月29日

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.