FirstRand: After a 50% Rally, Where To Next?

Research Notes January 2026 > https://www.unum.capital/post/rjan2026

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FirstRand: The Share Appreciated By 50% From Our Previous Buy-Entry Range at 5800c-6000c, closing above the 9000c on Wednesday 24 December. As of Sunday 28 December, the price action model reading is as follows:

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Previous Post: Actionable Areas: FirsrRand

(Published Saturday 05 April for Monday 07 April)

Original Post: https://www.unum.capital/post/fsraction

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

Lester Davids

Senior Investment Analyst: Unum Capital