JonathanOtero7f

SBK - Short trade idea

Short
JSE:SBK   STANDARD BANK GROUP LTD
SBK made a pretty ugly reversal candle on Friday, although after our close things in the US seemed a lot smoother. A close below R132.50 could put it under pressure with R130 as first short term target and big target at R120. It has been the weakest of the lot, so should they all start moving lower SBK should be the 1st to move down.
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