There have been tons of cup & handle formations all over the JSE over the last week or so, the one I called on Sasol had great success and it seems that ABSA may be setting up for a break out of its handle shape soon.
I think its safe to long ABSA from here to resistance level of the top of the cup & if its breaks out then we should see good profits.
At the moment it's important to run a good stoploss as the market is still in a temperamental state.
I think its safe to long ABSA from here to resistance level of the top of the cup & if its breaks out then we should see good profits.
At the moment it's important to run a good stoploss as the market is still in a temperamental state.