- Seems like SBK is reaching the end of subwave 3 - I expect a pull back to MIN R184.00 (If it goes lower, the wave count is invalid) - Nearing the top, I'll be looking for bearish divergence
Standard Bank Group Ltd. is the ultimate holding company for the group’s interests and is a leading African financial services group with South African roots. The group is South Africa’s largest banking group by assets and currently operates in 20 countries in sub-Saharan Africa. Their strategic position enables them to connect Africa to other selected emerging...
JSE:SBK Long term trend down, but short term oversold. Short term trend line broken so some strength coming to it
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...