ABG bear flag broken
Updated
Close 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)
Trade active
Trade is still open. Has held that R80 very nicely but has found some support at R76. A close that level will see some selling coming through. 1st and 2nd target still active.Trade active
First target was reached on a nice gap down after a trading statement released. Our stop loss remains at a close above R80 while our 2nd target remains at R70.Trade closed: stop reached
Friday's close above R80 triggered our stop loss. We managed to hit our first target but lacked further momentum.
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