VillageTraderZA

Higher lows and higher highs on Absa

Long
JSE:ABG   ABSA GROUP LIMITED
The stock looked good despite the sell off after some relatively underwhelming results last week. The stock is currently testing the 12200c support for the second time after breaking into the 12200c - 14800c box. I’m after for a close above 13450c because that would invalidate the double top formatting. I’m also waiting for the 30w EMA to cross the 60w EMA , and pretty close. If the stock closes above the 13450c and hold the 12200 support that would mean another higher low

Subscribe to the Village Trader Mailing list: http://eepurl.com/g4_ywj