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
It's all about the 200dma for ABG Banks in general actually... seems like their trying to put in long-term trend changes here. Longby Herenya1
ABSA - Bounce or Break?JSE:ABG has been trading in an upward parallel channel since July. It has reached the bottom of the channel with quite strong bearish momentum. If it continues downwards through the bottom of the channel and makes a lower low, I will consider entering short. Conversely, it could bounce off of the bottom of the channel and head upwards as it has done a few times recently. I will consider a long position if it fails to break through the bottom of the channel.by RossLarter0
$JSEPIK looking good for a long!$JSEPIK looking good for a long, at above R91.80Longby UnknownUnicorn1416836Updated 1
ABSA 1D - SETTING UP FOR SHORTSideways trend in a long downward trend. Stochastic overbought. Long term fundamental sentiment on banking stocks are negative in my opinion. Sell at 9076, short stop of 9497 and targeting 6965Shortby AWPEARCE13
$JSEABG looking good$JSEABG looking good, after it had a nice pull back, what also looking strong is the rand.Longby UnknownUnicorn14168362
$JSEABG has been stuck above R80 for a week and half$JSEABG has been stuck above R80 for more a than week, lets see if it can break above the resistance line for a long.Longby UnknownUnicorn14168362
Pairs or relative trade: ABG likely to outperform NED?Remains close to its lower 2 standard deviation range.Longby Peet_Serfontein3
$JSEABG with earnings released yesterday, looking positive $JSEABG with earnings released yesterday, looking positive Longby UnknownUnicorn14168361
$JSEABG looking positive after trading statement $JSEABG looking positive after trading statement, watch out for earnings soonLongby UnknownUnicorn14168360
$JSEABG it could break the resistance $JSEABG it could break the resistance above R80 Longby UnknownUnicorn14168361
ABG bear flag brokenClose below previous swing lows at R80 triggers the short trade. R75 first target while R70 is full target. Stop loss will need to be trail in order to make a good R:R trade. Stop loss above R84 (previous day highs)Shortby JonathanOtero7fUpdated 2
$JSEABG adding to my watch list$JSEABG keep an eye on this share it could be a buy in next few days.Longby UnknownUnicorn1416836114
$JSEABG is about to break out$JSEABG is about to break out on the resistances hereLongby UnknownUnicorn14168367
ABSA LongSwing trade on 4 hour chart Buy zone pierced today < 8100 Bullish RSI Divergence - RSI shows upward whilst price showed downward. Risk-Reward-Ratio = 5:1Longby LifesongUpdated 339
Absa setting up the third bounceAbsa looking to bounce here after breaking 2 parallel trends. Importantly we are seeing what may be the start of a new larger upward trend. The stock has become extremely over-sold so I expect a bounce from here to at least R103.50 and possibly higher. A buy below R90.00 looks good for the larger move.Longby RobbyP7