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Absa Group Limited
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H&S and Downward Momentum on ABG

Por RossLarter
ABG has triggered a short position based on downward momentum shown by the EMAs, stochastic and MACD. Along with this, the neckline of a ascending head and shoulders pattern has been broken with its target down at around the 111.50 level. We will monitor it as it goes down to see if it will reach this level.
Head and ShouldersTrend Analysis
RossLarter
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