ABSA GROUP LIMITED ABG

Sbo_Dhlamini Pro+

ABSA may see a strong move to the upside as the rate hike is on the cards

Innocentmaponde

Nice break on ABSA, may target 190 next. *We are still in volatile times, apply a strict stop loss regime

Maboko Pro+

MACD bearish and slow stochastic bearish *Risk management is even more important than the strategy*

VillageTraderZA Premium

Absa is looking like a good buy if it can hold the R155 support. Backed by the 200 day EMA some psychological buying could be coming in, adding wind at the back. But a tight stop is required below yesterday's low

jhwolmarans Pro+

ABG on its 200dma and support. R156 needs to hold for a bounce. Trade ideas are my own and not financial advice.

Innocentmaponde

Absa has bounced off this support level before; will it this time? Its the level that's coinciding with the 200dma, so it must hold for the uptrend to remain intact.

02:40

mikeledwidge Pro+

We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.

Peet_Serfontein Premium

A bearish trend is applicable below 10900. Crossing above this level will negate the bearish stance. Downside price potential supports the bearish trend. RSI leaves enough room for further downside price potential. Trend strength indicates a strong trend gaining strength.

Sure_Trading Premium

A Bearish Engulfing candle pattern has formed on ABG with yesterday's price move. We can consider a short position if the price continues downwards from here.

LD_Perspectives

Full gain around 1300c or 7.3% (Period: 1 week) Absa: Short Target Reached (16950c) Original idea attached.

VillageTraderZA Premium

Some of these buyers are have been sitting with a loss in this stock for 3 years are happy to cut loss at break even. Question is, are they enough to stop the new bulls on a rising interest rate environment? I doubt it

LD_Perspectives

Price at the time of documenting this idea: 18270c Price testing multi-month rising trend line. Downside reward to risk appears attractive at current levels. 7-day RSI at 87 14-day RSI at 78 Preferred Entry (Sell): 18260-18340 Stop: 18810c Target: 16950c

VillageTraderZA Premium

There's a potential ascending triangle pattern forming. Backed by rates the long term pitcure looks positive

LD_Perspectives

The following content is an extract from this morning's client research. In terms of single stocks, one of my ideas is a local pairs (market neutral) trade idea from the commodities/mining sector. For more insights and real-time ideas, or if you are considering an alternative trading services provider get in touch today. Another chart/insight published to...

TraderT1307

Managed a daily close above 15900 for the first time since End-November 2019. Bumped into the 15900 area in second half of 2021 but failed to have a daily close above this level. Looking at two targets. Target range 1: 17000 - 17500 Target range 2: 18200 - 18700

VillageTraderZA Premium

Absa is on the on the go. Its been making higher highs and higher lows. However the uptrend chanell range is quite wide. Its a good longer term hold if you can hide you stop well

03:12

mikeledwidge Pro+

We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.

Maboko Pro+

MACD bullish divergence unfolding and stochastic as the leading indicator is bullish.