Trader-Dan

STANDARD BANK - Long idea

Long
JSE:SBK   STANDARD BANK GROUP LTD
- Price has moved back over the 50 day moving average after spending considerable time consolidating and forming a base

- Any pullbacks towards R123 will be an opportunity to enter long targeting the wedge top around R130

- As long as we stay above R116 , the bullish bias remains.

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Trader-Dan

Comments

You were absolutely right. Any follow-up idea?
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@AlloysK We are waiting on the next buy signal, looking at possibly 120 zone or when price action confirms..
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