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cgd
Sep 2, 2018 11:06 PM

SBK Short Short

STANDARD BANK GROUP LTDJSE

Description

Will look to allocate off the shaded levels
- Shorting if price starts to trade below shaded level
- I have exposure to Financials for upside(x3), need to re-balance for downside risks. ie create synergies with open positions
- I have a bit of a bias to the down-side here, thinking JSE:MTN will drag JSE:SBK. Last time(2015) this was the case, in that instance the affect was delayed but highly correlated
My thinking is that the relationship should see JSE:SBK price affected
Comments
fiboracle
I have a target just under 10k with the stop at 20k.
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