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runyamhere
Aug 29, 2023 1:33 AM

Standard Bank at Multiple Resistance Short

STANDARD BANK GROUP LTDJSE

Description

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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