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Absa Group Limited
Short

H&S and Downward Momentum on ABG

5
ABG has triggered a short position based on downward momentum shown by the EMAs, stochastic and MACD. Along with this, the neckline of a ascending head and shoulders pattern has been broken with its target down at around the 111.50 level. We will monitor it as it goes down to see if it will reach this level.
RossLarter
Also on:
Head and ShouldersTrend Analysis

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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.
Head and ShouldersTrend Analysis
RossLarter
Also on:

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.