ABSA Bank Limited (ABSP)The walls are bloody for ABSA, which clearly shows momentum to the downside on the monthly timeframe
(check out my full analysis on my instagram account @heisenberg_trader), as prices are trickling down, with momentary pauses in the form of bear flag
patterns. The long term trend is clearly downwards, as prices have been forming a series of lower highs and lower lows.
Sell: When prices break below the 72 000 psychological level.
This trade will be nullified if prices drift closer to the 78 000 psychological level