ABSA GROUP LIMITEDShort
Absa showing downside to come to R120 but I am not buying it LOL
Ok so I am taking this analysis with a pinch of salt.
The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals.
I mean we have an Inv Cup and Handle.
We have a strong downtrend (safety line) - confirmed
We have price<20 and 200MA - Making it a high probability short.
Everything about the system is saying SHORT But I am calling BS on this analysis.
A part of me wants to go short just for the sake of it because the system says the next target is at R120.12.
Are banks predicting a bigger short and crash than we think?
The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals.
I mean we have an Inv Cup and Handle.
We have a strong downtrend (safety line) - confirmed
We have price<20 and 200MA - Making it a high probability short.
Everything about the system is saying SHORT But I am calling BS on this analysis.
A part of me wants to go short just for the sake of it because the system says the next target is at R120.12.
Are banks predicting a bigger short and crash than we think?
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.