Timonrosso

Absa showing strong downside to come to R118.91

Kort
JSE:ABG   ABSA GROUP LIMITED
Head and Shoulders formed on Absa.
We are seeing strong bearish signals since the price broke below the neckline.
200>21>7
RSI<50
Target R118.91

SMC: Buy Side Liquidity Order block is showing above the Right Shoulder. This is where Smart Money is sweeping Buying from long traders and stops from Shorters and are selling into the buys.

These tell me downside is to come for the bank.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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