SBK bullish channelSBK is still trading in a bullish channel and has bounced off its 50 day Moving average which also happened to be its bottom support channel line. A move back up towards to upper channel resistance provides a 2:1 RR trade Longby T2TWELL1
Standard Bank almost ready for a good buy to R200 or Goodbye Cup and Handle has clearly formed on Standard Bank. I don't like this Bearish engulfing candle that formed. The price didn't break above the brim level so we will have to be a bit patient before buying. We then have other bullish signs in the meantime. 7>21>200 - Moving Averages RSI>50 - Target R200.00 CONCERNS: Obviously we are not going to buy until we get the break. This can either go up or can crash heavily. All we can do is wait and act accordingly. Longby Timonrosso2
Trend continuation breakout.Banks are seeming on a good run. Standard Bank had been amongst the leaders of the market. Trend continuation breakout on the share. I have no target in mind but a R170 stop loss is a really good one.Longby VillageTraderZA0
Standard Bank - Swing highThe banks continue to defy all odds and the current challenges in the country ... Possible bull flag in play on Standard Bank , the test will be to break the recent swing high . R184 If bulls successfully capture the level, R206 becomes the measured move target on the long side.by Trader-Dan1
Going upWait for 16460 rejection n buy SBK , as the rand getting strong the Exchange is expecting the banks in SA to out perform other banks in the world by growth not net balance, so be sure to see a rejection on that price level to 19625 price level a new high for standard bank SA..Longby SMR_Analytics0
Standard bankSome sort of retest on Standard bank and the potential scenario from here!by Innocentmaponde2
Standard Bank - Short/Sell Target ReachedOriginal 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. JSE:SBK sell idea 08-Nov: I was looking for a push higher followed by an eventual 'rollover'. For more insights, including trade ideas, get in touch today. by techpers3
BANKS keep charging up! 👀ABSA is leading the race to the top with +33% up year to date. Banks have been the sector to be in clearly, even with all the challenges our economy and world markets are facing. by Trader-Dan2
Sell SBKThe following factors may support a sell/short: (1) a 'near overbought' rating, (2) a negative divergence between the price and the Relative Strength Index (RSI) suggesting the upward momentum is potentially slowing (3) trading between 2x to 2.5x it's mean over 200 days. Preferred sell around the last close or slightly higher (may overshoot on the upside). Exit is a daily close at or above the stop-loss. TRADING LEVELS: Entry: 17737c Target: 16750c Stop-loss: 18170cShortby techpers1
STANDARD BANKStandatr bank a brekout of the bull flag for a strong move to the upside Longby Sbo_Dhlamini1
Standard Bank upside to come to R186.29Falling Wedge has established on Standard Bank. Price has just broken above, but it's early days. 7>21 but 200 is still flirting with the previous Moving averages... My first target is R186.29. CONCERNS: The JSE is mirroring the upside of the American markets (with the good earnings results) With the Dollar strengthening again, this bull run could be short lived and the market could crash below forming a fake out. I'll nevertheless take the trade and only risk 1% of my portfolio... Longby Timonrosso0
Standard BankJSE:SBK seem to have found support at the previously noted area of value. The bank also came with operational update, maybe that was a catalyst.by Trend_Trader_JSE2
$JSESBK - Standard Bank: Creepy Crawling Up The TrendlineWatch this video for some Quantitative and fundamental analysis on SA Banks youtu.be SBK has found the going tough since bottoming in May 2020. It has been the laggard in the local banking stocks but perhaps offers more upside opportunity. The share price has been trending up a moderate slope trendline and as long as it does not break and close below the trendline on high volume, the share can continue its gentle climb. What gives more confidence is while the share has made higher lows, the MACD has made lower lows and this condition is known as hidden bullish divergence. Longby Loyiso_BlaqueSoros_Mpeta1
Standard Bank falling with the rest of the major banks... Standard Bank is showing major downside to come... Inverse Cup and Handle and lower RSI highs. We are already short Firstrand but it looks like all the major banks wants to follow.Shortby Timonrosso0
Standard bankA bearish descending triangle chart pattern currently unfolding on Standard bank. I would 'short' for a move to 130.Shortby Innocentmaponde2
Standard Bank - Sell shortWedge within a wedge - I just invented this pattern. I dub thee 'the wedgy pattern' (TM). Price has gapped under the inner wedge. Shaded area represents an important area for price to maintain. A break of outer wedge would confirm my trade thesis. Sell short. Historically, volume spikes seem to imply a start of a short-term downward trend. This holds true for the last 6-10 months. Shortby serioussam811
Standard Bank, area of value or weakness?It's hard to say that JSE:SBK is at an area of value. Financials are weak, it'll take a decent amount of buying to keep the stock above this "support" level. by Trend_Trader_JSE2
STARDARD BANKstandard bank retesting the trend line of the bull flag gearing for a move to the upside Longby Sbo_Dhlamini1
SBK LongThe share has broken above the 50-day moving average and a break above Friday's close of R166.60 will see the share heading towards R179.05.by tafaratsoka0
Market Neutral: Long SBK, Short ABGMarket Neutral: Long JSE:SBK , Short JSE:ABG Over the long term (3 and 4 quarters), the correlation between JSE:SBK and JSE:ABG is high, with readings of 0.92 and 0.93 respectively. Over the short term (21 trading days or 1 month's worth of trading), the correction has developed a discrepancy, with the ratio dropping to 0.55 ( JSE:ABG outperforming JSE:SBK by 7.94% over 1 month). On this basis, a market neutral/pairs trading opportunity emerged has where the relative ratio is expected to revert to the short term mean, either fully or in part. Trading Levels: Entry: 0.9239 Stop-loss: 0.9025 Target: 0.9700 For more research, including trade ideas, get in touch today. by techpers1
STANDARD BANK - Overhead Supply zone Price has had a decent rally off the R150.65 low Bulls have run into overhead supply now in the ambush zone R165-R169 Failure to push through will likely see the gap become target below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a look at any chart, DM me and i will post my thoughts, Happy Trading!by Trader-Dan3