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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.