Absa GroupSeems the market is quickly forgetting about the CEO debacle. The underlying time frames have been getting stronger. Also, we note a descending technical formation have developed over the last 3 months. Potential price path on chart. Exact levels in next week's research report. Longby LD_Perspectives2
ABG - WedgeThe wedge is still in the making, we await for a break of either trend-line for directionby JonathanOtero7f1
Trade Alert: ABGTrade Alert - from my research report - LONG or SHORT? DM me about the opportunity. by LD_Perspectives2
ABG - Wedge formationWedge forming with a break of swing highs at R135 triggering the long idea. Full target is R168. One to keep an eye on for the long term. Longby JonathanOtero7f2
ABG in a 2 month symm Triangle, waiting for breakgetting close to the apex of this pattern which will lead to a breakout either way.by T2TWELL0
Higher lows and higher highs on AbsaThe stock looked good despite the sell off after some relatively underwhelming results last week. The stock is currently testing the 12200c support for the second time after breaking into the 12200c - 14800c box. I’m after for a close above 13450c because that would invalidate the double top formatting. I’m also waiting for the 30w EMA to cross the 60w EMA, and pretty close. If the stock closes above the 13450c and hold the 12200 support that would mean another higher low Subscribe to the Village Trader Mailing list: eepurl.comLongby VillageTraderZA1
Absa moves to the R122 - R148Position No position in the market Absa moves to the R122 - R148 from the R96 - R122. However, the 30w is still below the 60w EMA.. Waiting for those to cross first. Before I can take any trades. Longby VillageTraderZA0
ABSA showing some downward momentumJSE:ABG is showing some downward momentum based off of the stochastic and MACD turning downwards and now the 3 and 15 EMA's crossing downwards. I am looking at a short position to at least the 11250 support level.Shortby RossLarterUpdated 1
Counter TrendlineIf we can cross that counter trendline then we shud prepare for a nice fall downShortby Mars_African_EmpireUpdated 0
JSE:ABG ABSA Markup The signs of strength (SoS) shown in December - see posts below - has taken some time but is now playing out. We are now looking for the markup back to previous support that should be resistance. The backup attempt after the breakout was shallow and shows strength. This week should see some action in financial stocks.Longby SteynTrade2
ABG a little messy, but seems strongSome context-less candles making it hard to see a clear picture, although the stock seems strong with a marco-thematic backwind... we likely see it trade to resistance.Longby Herenya110
JSE:ABG ABSA Push into 2021Banking stocks have been in recovery since the covid lows and there are a number of opportunities in the back up (BU) to the previous support become resistance levels going into 2021. ABSA has been in an accumulation range since the lows and broken out and backed up to the range. The BU has been weak showing some strength. We are now looking for a break of 12000 to go long to between 14000 and 16000. At this point, we will be looking for a potential short to test the covid lows. Longby SteynTrade1
Weekly game plan 29 Nov 2020 - ABG2 high probability outcomes here. Great risk-reward on the short trade, but a break and hold above the resistance (and stop loss) could open up to the next resistance level higher up. Worth the short punt, but need to stay open swinging the trade around to go long.by Herenya2
$JSEABG looking strong!$JSEABG looking strong and breaking resistance for a long.Longby UnknownUnicorn14168362
Absa also looking bullishAbsa is another financial institution that looks good for a recovery. The share making higher lows and higher highs as well. The share broke through its 200d EMA. watching the share closelyLongby VillageTraderZA0
ABSA - Finding resistance at top of channelJSE:ABG has been trading in an upward channel since July and it seems to have found some resistance at the top of the channel. If it trades lower and fails to break through the top, I will consider a small short towards the bottom of the channel.Shortby RossLarter223