RossLarter

Anticipating a bounce on ABSA

Long
JSE:ABG   ABSA GROUP LIMITED
ABG is trading at quite a strong support level. If it fails to break through and bounces off support, I will consider entering a long position. The stochastic also looks like it is gearing up for a turn.

Alternatively, if it breaks through support and forms lower lows, we could be looking at a short position.

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