JSE:SBK   STANDARD BANK GROUP LTD
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1
Standard bank daily close below 13100 support.
A weaker rand should add to the pressure on local banks.
The two possible short targets are 12050 and 11000.
Trade closed: stop reached

Comments

Thanks for the reply. Looks great this morning. So far so good!
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Thanks for sharing the idea. It looks stable at 12500. Do you think it will still approach 11500?
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@AlloysK, Yes the 123 - 125 area seems to be providing good support. Ideally we will need a close below 120 to maybe get moving.
I will give it a bit more time with a tight stop.
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