Timonrosso

Absa showing strong downside to come to R118.91

JSE:ABG   ABSA GROUP LIMITED
Head and Shoulders formed on Absa.
We are seeing strong bearish signals since the price broke below the neckline.
200>21>7
RSI<50
Target R118.91

SMC: Buy Side Liquidity Order block is showing above the Right Shoulder. This is where Smart Money is sweeping Buying from long traders and stops from Shorters and are selling into the buys.

These tell me downside is to come for the bank.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

𝕏 (Formerly Twitter):
twitter.com/timonr

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

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.