Peet_Serfontein

SBK: correction unfolding?

Long
JSE:SBK   STANDARD BANK GROUP LTD
A price action above 15300 supports a bullish trend direction.
Further bullish confirmation for a break above 16100.
The target price is set at 16800, which is the mean of the linear regression channel pattern.
the stop-loss is set at 15000, which is the lower range of the linear regression channel pattern.
It remains a risky trade.

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