VillageTraderZA

Absa holds previous resistance as support

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JSE:ABG   ABSA GROUP LIMITED
The stock broke out from the cup and handle pattern. It did come back in the last couple of weeks, but it held what was resistance as support. Ending the week slightly above the 200 week EMA.

The stock held the previous resistance level as support and held the 50day EMA as support as well

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