AWPEARCE1

SBK - 1W - POSSIBLE DIVIDEND PAYER

JSE:SBK   STANDARD BANK GROUP LTD
Weekly stochastic show overbought position and bearish engulfing candle at the top is also negative. I Would hold on to this stock, however if it breaks through the bottom of the channel it could fall to 0.382 and even 0.618 on the Fibonacci retrace. That is were i would consider buying if i were not in already. 200 day MA is also still in bearish territory.

Disclaimer

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.