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RossLarter

Looking for a bounce on ABG

Long
ABSA GROUP LIMITED (JSE:ABG)  
RossLarter  
JSE:ABG   ABSA GROUP LIMITED
Trend Analysis
3
0
trendanalysis
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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