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Online Share Trading

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Russ

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Preston
Super Contributor
Please have a long and very hard look at FSR.
6 REPLIES 6
MMouse
Contributor
What do you see when you look at it? Seems like much of the same as before - maybe good for long term investment but not short term?
Russ
Super Contributor
Preston,It's had such a good run. I wouldn't go chasing it now that it's so overbought. A bit of a sell divergence on daily chart, so due for a pullback. Possibly a big rising wedge formed since Dec 2015 which is negative.Admittedly it could continue for a while with the momentum but it's not one that I would buy now. It's been touching up against the resistance line but the long term support line is way down around R46-00. A bit risky imo.
Russ
Super Contributor
Preston, are you still in APN-didn't you have a target of R289?
Preston
Super Contributor
Sold 2x at R288.
Preston
Super Contributor
Russ, when the price reached R288 , I did sell. Then I bought on the pullback and sold around R286 - R287.(equities). Currently I do have some cfd's (less than 250) which I bought at R277. still holding those.
Preston
Super Contributor
Sorry, cfd's at R282.