ABSA - LongOur momentum strategy is showing all of the signs for a long position on JSE:ABG . We are aiming for a target at the 221 level and a stop loss at the 191 level with a 1:2 risk reward ratioLongby RossLarter0
Ascending Triangle breakout and retestOn the 1st of Feb the price on JSE:ABG broke out of the ascending triangle it has been trading in. It has since retreated and gone back into the triangle. It seems as though it is currently retesting the levels at the apex of the triangle. If it breaks through the triangle again, I believe we will be in for a nice long position. The target would be around the 227 level.Longby RossLarter2
And the trend continues. Beautiful Ascending triangle breakoutThe stock has been holding support on the 50 day EMA. Continuation of the trade we low on this The breakout provides a nice 3:1 R:R to a R232 target with R169 stop lossLongby VillageTraderZA0
ABG, unprend continuationNot the longest base but it seems like JSE:ABG has retested the recent breakout level & found support there. Not a bad place to add to the long position, if you have one.Longby Trend_Trader_JSE1
ABSA - UptrendAbsa is trading in a well defined channel (upwards) and is further enhanced by by upward moving MA's. I would look to simply trade the range until we have a significant breakout of the channel - either way. by Trad3r_163
ABG To kick off the week, a chart from my research notes. Absa Group (ABG, 20124c): Pending short/sell. The share trading between 2x and 2.5 it’s mean over 200 days.Shortby techpers1
ABG setupJSE:ABG went past the pivot point; the stock is currently within 5% of the pivot point. To chase or not to chase.Longby Trend_Trader_JSE3
ABSA Absa bullish play broke out of the R193 resistance this move may push the stock higher to R220 and R250 respectivelyLongby Sbo_Dhlamini0
ABSA breakoutBanks had a positive day today. JSE:ABG managed to break above R190. Longby Trend_Trader_JSE4
ABSA Broken below Symmetrical Triangle BearishCHALLENGE TRADE IDEA: TAKE PROFIT: R161.91 REASON: Bearish Symmetrical Triangle, Price has tested the resistance and has failed. With inflation coming out today, my cards are on higher inflation which will lead to higher interest rates and a fall in banks and other markets. What are your thoughts?Shortby Timonrosso1
Bearish Engulfing on ABSAA bearish engulfing candle formed on JSE:ABG on Friday. With this morning's price action, we have been triggered into a short position. The stochastic and MACD are also confirming this move.Shortby RossLarter3
ABSA - 🧐On the previous post we noted the hammer candle that had printed on the 200 day moving average - Price has since broken below and is likely to keep with the short term trend down - Next decent support is around R140-R144 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a look at any chart, direct message and i will post my thoughts, Happy Trading!by Trader-Dan0
ABSAConfluence of support giving on on ABSA. I'm calling it 125-130 from here.Shortby Innocentmaponde2
ABGUpdate: Absa Group ABG - 15752c. Negative price action as it looks to be building a topping structure with the incline support going back to the March 2020 lows at risk. Has seen a massive decline from my selling zone +19100c in late March. Barclays continuing to sell as it possibly requires additional funds for it's acquisition of Kensington Mortgage Co. A similar bearish setups seen on peers for example NED which is building a bear flag technical formation. Negative (local, and possibly global) economic effects being seen to a certain extent in these share prices.by techpers2
ABSA GroupJSE:ABG is at an area of value. It can go either way, if there are banks buyers, JSE:ABG might move up. Otherwise, if the sellers are strong they can push the price lower. No position at the moment, and JSE:STXFIN doesn't look healthy. by Trend_Trader_JSE0
ABSA - Support off 200 dma ABSA printed a hammer off the 200 day moving average As long as price holds above support, the chart continues to look constructive with an upside bias. Attractive P/E Currently 7.6 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-Dan4
ABG reversalABG made a reversal candle of support at R156 area. I am looking for a bounce to its 50dma. Trade ideas are my own and not financial advice. Longby jhwolmarans2
ABSAThe 156ish area has been providing support since January 2022; and it looks like we heading back there again. But I will be cautious in buying that support this time for the simple reason that price failed to reclaim the previous YTD highs, and is forming a bearish Head & Shoulder pattern in the process. Should we lose that 156 neckline support, it may get ugly.by Innocentmaponde2
ABSA - ShortJSE:ABG is looking good for a short position. All 3 momentum indicators have crossed downwards.Shortby RossLarter1
ABG: ShortMACD bearish and slow stochastic bearish *Risk management is even more important than the strategy* Shortby Maboko0
ABSANice break on ABSA, may target 190 next. *We are still in volatile times, apply a strict stop loss regimeLongby Innocentmaponde113
Can buyers hold supportAbsa 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 lowLongby VillageTraderZA2