Get started
RossLarter

ABSA Short

Short
ABSA GROUP LIMITED (JSE:ABG)  
RossLarter Updated   
JSE:ABG   ABSA GROUP LIMITED
Support and Resistance Triangle absa ABG jse ALSI ZAR southafrica
3
0
supportandresistance triangle absa abg jse alsi zar southafrica
ABG has broken out of the symmetrical triangle pattern that had formed.
Today it seems to be retracing a bit and you might find that it will bounce off the resistance before continuing downwards.
Depending on your risk appetite, you can enter a short right away or wait for a retracement and bounce before entering.
Comment:
It has now formed a Bullish Engulfing candle pattern, so be careful in this trade going forward as it might continue upwards
Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView

For more info about our training and mentorship visit www.suretrading.co.za
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.