JSE: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.
JSE:ABG formed a bearish harami a few days ago which seems to be playing out so far - looking good for a short position if confirmed.
JSE:ABG seems to be bouncing off of a support level at the moment as well as having broken through a descending resistance. We could be looking at a long move if it confirms.
JSE:ABG has broken through a descending resistance and has confirmed the break with yesterday's action. If it breaks through the fractal from the 12th of July's candle, it could mean an upward move.
JSE:ABG has broken out of the sideways consolidation that it has been trading in. It has also broken through a fractal and is looking good for a long position.
JSE:ABG has broken out of the symmetrical triangle pattern that had formed. Today it seems to be retracing a bit and you might find that it will bounce off the resistance before continuing downwards. Depending on your risk appetite, you can enter a short right away or wait for a retracement and bounce before entering.
We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed. Although there is not much history on this instrument, it is also at a support level which solidifies the signal.