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.
Thanks for the reply. Looks great this morning. So far so good!
AlloysK
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Thanks for sharing the idea. It looks stable at 12500. Do you think it will still approach 11500?
TraderT1307
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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.