Looking at the FirstRand, we may derive the following from the weekly chart:
1. A noticeable technical pattern had been formed over the past 40+ weeks.
2. Price is trading outside of the triangle.
3. Note the weekly candle hasn't closed yet.
4. A solid close above 72 should take us back to the 2018 high.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
1. A noticeable technical pattern had been formed over the past 40+ weeks.
2. Price is trading outside of the triangle.
3. Note the weekly candle hasn't closed yet.
4. A solid close above 72 should take us back to the 2018 high.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.