Famous Brands - Targeting R51.50 ?
FBR has been struggling to regain TL support (blue) for the last few trading sessions and now looks like it has finally broken its uptrend. There is a good area of support at the horizontal line further below at around R51.50 which should provide a good long opportunity. However, with these illiquid stocks, it might be a good idea to nimble beforehand, possibly anywhere below R55 should it get there.
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