ABG has been trading in a channel between R170 and R146.50.It is currently heading to the support zone at the bottom of the channel, and we expect a bounce and a move upwards towards the top of the channel.
The stochastic is confirming this as it heads to oversold territory with the expectation of turning up.
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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.