Cup and Handle seems to be forming on Absa.
There was little supply (selling) which caused a major push up on the bank stock.
Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again.
RIght now it's in Medium Probability territory.
MPT
Price>20
Price<200
Target R181.95
There was little supply (selling) which caused a major push up on the bank stock.
Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again.
RIght now it's in Medium Probability territory.
MPT
Price>20
Price<200
Target R181.95
Trade fechado: objetivo atingido
Reached target then dropped like a rock. Luckily the Risk to reward was good!
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.