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Technical Trade Idea: ABSA ABG – UnumCapital
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Technical Trade Idea: ABSA ABG

Technical Trade Idea: ABSA ABG

ABSA ABG (Current: 7691c) – The share surpassed our 7800-7900c target, hitting a low of 7329c, with the low in line with the prior breakout level seen in early April. Now, looking a close above 7800c to trigger a buy/long reversal. Potential price action scenario on chart. SL: 7340. TP: 8550c.

Lester Davids

Trading Desk Analyst

Unum Capital (Pty) Ltd
An Authorised Financial Services Provider (FSP 564)


T: +27 (0)21 201 7270             W:  www.unum.co.za             E: lester@unum.co.za


Lester Davids

Lester joined Unum Capital in July 2016 and is a Trading Desk Analyst focusing on local (JSE) and global multi-asset class technical strategy and research which includes idea generation.

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