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FirstRand: Current Model Reading & Setup

  • Writer: Lester Davids
    Lester Davids
  • Oct 7
  • 1 min read

Research Notes October 2025 > https://www.unum.capital/post/roct2025

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The share has rebounded sharply, rallying by 37% from the previous buy range of 5800c to 6000c. In the short term, a cup and handle technical formation has started to develop.


The current price action model reading as follows:


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Previous Post: Actionable Areas: FirsrRand

(Published Saturday 05 April for Monday 07 April)


FirstRand (FSR) is down 29% from it's Sept-2024 peak, with the share trading near it's June lows. It's not inconceivable that the share could trade down at the 5800c to 6000c range, which is a medium term support range. At current levels, oversold conditions are already present which reflects aggressive selling pressure however, also raises the probability of an ultra short term rebound. Last close: 6293c


FSR Daily Chart as of the close on Friday 04 April
FSR Daily Chart as of the close on Friday 04 April

Lester Davids

Senior Investment Analyst: Unum Capital

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