Absa lost the support that sustained price from the COVID lows, now price is attempting to recover that line. At the same time we are expecting price to seek or confirm a yearly low, usually this happens when we have a failed weekly cycle, this has not happened so far. If price is rejected at re-entry attempt we can expect a swift move down to lower than R150.70.
On the other hand we would know the yearly low is confirmed if price closes above the declining resistance on a monthly basis or when we have reasonable confirmation a a likely close above that line. What gives the bearish thesis a higher probability is the RSI & TSI are showing negative divergence.
On the other hand we would know the yearly low is confirmed if price closes above the declining resistance on a monthly basis or when we have reasonable confirmation a a likely close above that line. What gives the bearish thesis a higher probability is the RSI & TSI are showing negative divergence.
거래청산: 타겟 닿음
Absa is attempting to reverse trend, best to take all profit from the short position.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.