runyamhere

Standard Bank at Multiple Resistance

Short
JSE:SBK   STANDARD BANK GROUP LTD
Standard bank presents a busy chart, here we see price is back at the resistance the halted the previous uptrend, looking at RSI, we are at a potential reversal zone and price will struggle to remain on an upward trajectory without a healthy pullback. We can bob around here while price waits for the US dollar to find a bottom before confirming a downtrend, a good place to take some profits.

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