LD_Perspectives

Absa - Support At Risk

JSE:ABG   ABSA GROUP LIMITED
Massive pullback since I highlighted the medium term supply via the monthly chart (31-Aug post attached at 15796c). Peaked the following day. Traded into the declining 8-day EMA providing an intraday short/sell but looks like there's a bigger move at play here.

A break below 13800c-13950c could see the algo's going along for a short.
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.