Sure_Trading
Long

Looking for a bounce on ABG

JSE:ABG   ABSA GROUP LIMITED
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JSE:ABG has been trading in a channel between R170 and R146.50.

It is currently heading to the support zone at the bottom of the channel, and we expect a bounce and a move upwards towards the top of the channel.

The stochastic is confirming this as it heads to oversold territory with the expectation of turning up.
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