techpers

Standard Bank - Short/Sell Target Reached

JSE:SBK   STANDARD BANK GROUP LTD
Original idea attached. Local events pushing banks sharply lower today. In recent weeks, the sector approached an overbought range, trading 2x to 2.5 std deviation over 200 days. SBK sell idea 08-Nov: I was looking for a push higher followed by an eventual 'rollover'.

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