ABSA - Double TopA double top pattern has formed on ABG. The downward move is confirmed by the stochastic, MACD and EMA's all crossing downwards. If it can break through the low of 11 Sep, I am quite confident that it will head down nicely towards our target at around the 145 level.XShortby RossLarter1
H&S and Downward Momentum on ABGJSE: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.XShortby RossLarter1
ABSA - UpwardJSE:ABG is going long based on our momentum strategy. All 3 indicators (stochastic, MACD and EMA's) are showing upward momentum.XLongby RossLarter1
ABSA ShortJSE:ABG is looking good for a short position as the EMA's have crossed downwards along with the stochastic and MACD all signaling a downward move.XShortby RossLarter0
ABG break outLooks like ABG is breaking out higher. First bit of resistance should be the 200-day moving average. Once it's clear of that you can switch to a trailing stop loss.XLongby Herenya0
ABG - Paused at ResistanceOur JSE:ABG long position has paused at a resistance level for the last 2 days. It hasn't reversed completely yet and looks like it is testing the level. If it breaks through, I am quite confident that it will go on to reach our target.XLongby RossLarter0