SBK has had a significant short term advance, which has seen the rally into it's 50-day EMA.
A 'first' re-test of a declining 50-day EMA is often an optimal level to reduce/sell.
See link below for previous analysis.
The best way to describe the ascent from the May 2020 low is creepy-crawling.
SBK stock has been steady with price well supported by the mid-sloping trendline.
As price has continued making higher highs, the MACD has made lower highs giving a bearish divergence signal. This does not imply a bearish reversal but that a...
Standard Bank (SBK) is one of South Africa's oldest and largest banks, with significant operations across Africa. Despite challenges such as the impact of COVID-19 and load-shedding in South Africa, the bank has demonstrated resilience and remains an attractive investment opportunity for private investors, particularly in the long term.
The bank's strategic...
Standard Bank (SBK), a stalwart in South Africa's financial landscape with a 160-year history, stands as the country's second-largest bank by market capitalization, trailing only behind First National Bank. Its footprint extends across Africa, with operations in various countries on the continent contributing 34% of its headline earnings. Notably, 20% of its...
Standard Bank has formed an M Formation.
The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA>
So it looks like the next target is R150.00.
FUNDAMENTALS
Fundamentals also came out today and yesterday which could influence the price and the large candle today.
Standard Bank Group...
Large and Liquid: Reading from my TTG
Trading Time Frames:
Short Term (1 to 10 days)
Medium Term ( 2 to 4 weeks)
Long Term (5 to 8 weeks)
Readings subject to change, based on the development of price action.
The readings assume no existing position held by the trader.
Tuesday 27 February-2024, 06h30 | SBK Standard Bank | I do my utmost to provide a balanced perspective, specifically with regard to multiple time frames. My communication with clients suggest that there is demand for the Tactical Trading Guide and if you are a short term, active trader, there are always opportunities to generate cash flow around core positions....
A price action above 18200 supports a bullish trend direction.
Further bullish confirmation for a break above 18900.
The target price is set at 19700.
The stop-loss price is set at 17700.
Remains above its 23.6% Fibonacci retracement level.
Remains a risky trade.
It's been 3 years since I wrote the original instructions for my trading guide and 2 years since we've been receiving the data at the end-of-day via email.
In short, the data set consists of the top 70 to 80 shares on the JSE where each share is accompanied with a comment according to the 3 time frames: Short Term, Medium Term and Long Term.
Hopefully, in the...
Capital 99%
Risk on trade - 1%
Expected Return - 2.5%
Trades are fictional and conducted for portfolio building purposes.
Strategy: Multi-Timeframe Market Structure Long Model
Pure technical strategy to capitalise on orderflow trends.
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...
JSE:SBK closing high for the week, with a bigger green candle than last week. The stock is trading near a 52-week high, we would like to see an upward move.
On the daily time frame, Standard bank has presented with a cycle failure as price went below 17 February low, the share is in intermediate decline. Price must go below the blue trendline. But since we are anticipating a yearly low, price must also go below R140.71 (19 September 2022). If it can do that in current cycle, the green circle is an area of interest for...
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.
Since the May 2020 bottom at 8341, SBK has trending upwards albeit in a very choppy manner.
The ascent has been supported by a mid-sloping trendline which price is currently testing.
A potential double-top pattern is what has caught my eye though.
The pattern is not yet confirmed as price has not decisively broken below the 14000 range neckline.
The next few weeks...
Hi All, I am not a educated trainer I only follow charts and patterns
Our banks look they are about to take a massive hit
20day/200day Death Cross does not look good, Rand is collapsing from propaganda
take care South Africans , Protect your assets
