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ABG

Absa showing downside to come to R120 but I am not buying it LOLOk so I am taking this analysis with a pinch of salt. The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals. I mean we have an Inv Cup and Handle. We have a strong downtrend (safety line) - confirmed We have price<20 and 200MA - Making it a high probability short. Everything about the system is saying SHORT But I am calling BS on this analysis. A part of me wants to go short just for the sake of it because the system says the next target is at R120.12. Are banks predicting a bigger short and crash than we think?
JSE:ABGShort
by Timonrosso
1
SA Banks & Financials packing their bag for a short trip south Well, everything on the globe is being marked down, and this includes SA banks & financials, despite much improving underlying fundamentals. Prices for all of them are now under their 5EMA which is under their 15EMA. In this weak sentiment environment I'm looking for them to give back another 5% or so before bargain hunters like myself can't resist the risk. JSE:SBK target the R113-R115 area JSE:FSR target R48ish JSE:ABG target R116-R118 JSE:NED who knows and even JSE:CPI looks ready to retrace to the R1450 area. Conversely stated, in the current environment the probability of these counters going up 5% is a LOT lower than them going down 5%. In the background the fundamentals are improving - manufacturing data, bankserv transaction data, etc - so if they do dip nicely that would present a great opportunity to buy, imho. In short, take your profits and fall back :-) Happy trading! UC
JSE:SLMShort
by unclecool787
JSE:ABG ABSA Push into 2021Banking stocks have been in recovery since the covid lows and there are a number of opportunities in the back up (BU) to the previous support become resistance levels going into 2021. ABSA has been in an accumulation range since the lows and broken out and backed up to the range. The BU has been weak showing some strength. We are now looking for a break of 12000 to go long to between 14000 and 16000. At this point, we will be looking for a potential short to test the covid lows.
JSE:ABGLong
by SteynTrade
BOEING $287.Hello guys. 1. Saudis bought Boeing 700 million at $120. Obviously they are smarter than you. 2. Attraction to 200 EMA. 3. Golden Weekly Crossover on the MACD. Extremely bullish for the next 4 weeks. 4. I wanted to put $20,000 in Calls. Now If i did do that, it would be worth $150,000 right now.... History: When boeing was $120, I wanted to purchase $210c 07/17 for .22 each. Now they are worth 1.69 each. Thats a ridiculous return on investment. Now obviously, I only put in 1.5k so if this trade works in my favor (which it will) I will walk away with $87,000. Thank you 5. If you were to ask me for a date, I say Donald Pump's birthday, June 14.
NYSE:BA
by alecphant