Pushing hard...

[genie2b]

Noticed that FSR has been pushing hard since Dec. Testing some resistance lines, the question now is will it have enough fuel to continue the climb....any opinions from the forum?

[indium]

Two factors that I can see. Standard Bank is having a torrid time, so there may be some rebalancing into FSR as Standard Bank has always a favourite of the fund managers - FSR is standing out as the bank with best 2011 prospects according to some of the analysts. FSR now becomes more of a pure banking play, given that it has divested its insurance interests - this has clearly unlocked value. Down the line it may be a good buy for an oversees bank. Where too from here is anybody's guess, but it has run hard in the last month.