UPDATE: Absa Target reached at R181.95 what next?Cup and Handle formed on Absa, broke up and out of it.
On 12 June I said it was imminent for a breakout to the upside, but I had NO clue how fast this thing was going to rally.
And it was only a Medium Probability Trade
Price>20
Price<200
Now that the price has shot up, it obviously is silly to just buy and go long without waiting for a trend confirmation signal in my case.
But we do have a DOWN gap (Breakaway gap) that has a 70% chance of closing based on history.
However, we need some bullishness before we do anything.
