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RossLarter

ABSA - Finding resistance at top of channel

Short
ABSA GROUP LIMITED (JSE:ABG)  
RossLarter  
JSE:ABG   ABSA GROUP LIMITED
Trend Analysis Parallel Channel jse ALSI southafrica absa
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trendanalysis parallelchannel jse alsi southafrica absa
ABG has been trading in an upward channel since July and it seems to have found some resistance at the top of the channel. If it trades lower and fails to break through the top, I will consider a small short towards the bottom of the channel.
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