Timonrosso

ABSA Broken below Symmetrical Triangle Bearish

Short
JSE:ABG   ABSA GROUP LIMITED
CHALLENGE TRADE IDEA:
TAKE PROFIT: R161.91
REASON: Bearish Symmetrical Triangle, Price has tested the resistance and has failed. With inflation coming out today, my cards are on higher inflation which will lead to higher interest rates and a fall in banks and other markets.
What are your thoughts?

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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