Is Absa setting itself for upside to R181.95

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

交易结束：到达目标

Reached target then dropped like a rock. Luckily the Risk to reward was good!

Timonrosso

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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso