Anticipating a bounce on ABSA

٢٨ نوفمبر ٢٠١٩

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.