ABSA BANK LIMITED (ABSP) SHORT

10 thg 1, 2020

ABSA Bank Limited (ABSP)The walls are bloody for ABSA, which clearly shows momentum to the downside on the monthly timeframe (check out my full analysis on my instagram account @heisenberg_trader), as prices are trickling down, with momentary pauses in the form of bear flag patterns. The long term trend is clearly downwards, as prices have been forming a series of lower highs and lower lows.

Sell: When prices break below the 72 000 psychological level.
This trade will be nullified if prices drift closer to the 78 000 psychological level