Cup and Handle seems to be forming on Absa.
There was little supply (selling) which caused a major push up on the bank stock.
Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again.
RIght now it's in Medium Probability territory.
MPT
Price>20
Price<200
Target R181.95
There was little supply (selling) which caused a major push up on the bank stock.
Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again.
RIght now it's in Medium Probability territory.
MPT
Price>20
Price<200
Target R181.95
Operación cerrada: objetivo alcanzado
Reached target then dropped like a rock. Luckily the Risk to reward was good!
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.