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Take Profit For Intraday Cash Flow: Absa Rejection From Sell Re-Entry Range (+R220 down to R215)

  • Writer: Lester Davids
    Lester Davids
  • 21 hours ago
  • 1 min read

Research Notes December 2025 > https://www.unum.capital/post/rdec2025

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za


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Previous Post (04 December, Pre-Market): Absa: Trend Acceleration Into An Ultra Short Term Overbought Range


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Previous Post (24 November): 🎥Video: Absa Continues To Be Rejected Off The +R211 Range; Watch This Level Next



Previous Post (24 November): Trading Levels: Absa Group


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READY TO TRADE: ACTIONABLE AREAS: For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value. The blue and red horizontal lines on the chart represent a next best probability buy re-entry range and a next best probability sell re-entry range over the short term. The ranges assume no existing position being held by a trader while the probabilities are based on several factors which may include: short term rating, medium term regime, momentum, horizontal or diagonal support/resistance, candle structure, moving averages and standard deviation, among others. These are short term levels and may be in contrast to medium and long term outlooks which are based on the weekly and monthly charts and, which may be applicable to long term investors. These levels are subject to change based on sentiment, the subsequent price action and company/sector specific or macro news flow. As always, while the levels are outlined, traders should be prepared to adjust in real-time based on the aforementioned.


Lester Davids

Senior Investment Analyst: Unum Capital

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