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RossLarter

Ascending Triangle breakout and retest

Long
ABSA GROUP LIMITED (JSE:ABG)  
RossLarter  
JSE:ABG   ABSA GROUP LIMITED
Trend Analysis Chart Patterns Triangle jse ALSI ZAR southafrica absa
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trendanalysis chartpattern triangle jse alsi zar southafrica absa
On the 1st of Feb the price on ABG broke out of the ascending triangle it has been trading in. It has since retreated and gone back into the triangle. It seems as though it is currently retesting the levels at the apex of the triangle. If it breaks through the triangle again, I believe we will be in for a nice long position. The target would be around the 227 level.
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