RobbyP

Absa setting up the third bounce

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JSE:ABG   ABSA GROUP LIMITED
Absa looking to bounce here after breaking 2 parallel trends. Importantly we are seeing what may be the start of a new larger upward trend. The stock has become extremely over-sold so I expect a bounce from here to at least R103.50 and possibly higher. A buy below R90.00 looks good for the larger move.
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