Standard Chartered Bank (SCB) PLC near filing bankruptcy
SCB could not hold the 2009 financial crisis low and made a all time new low. And barely surviving. Time has come to remove account from the bank as it will trade below $3 or even lower for sure in coming months. I used to work there and was one of my fav bank, but looks like time has come to an end...soon....
Standard Chartered shares are flirting with inverse head and shoulder neckline and appear poised to close the day higher.
That would be confirm a bullish break and present a technical target of 831. However, as of now, that appears a big task given the banking concerns in Europe. Nevertheless, a bullish break on day end closing basis would open doors for...
Again UK share to take good opportunity on short trade. Price do big move down on W1 chart, then correction and now possible secound move down. Furthermore price pullback from W1 and H4 resistance. Signal to open trade from H4 chart.
RECOMMENDATION SELL
SUPPORT level of 1057
TARGET 1047
STOP LOSS 1067
CHART FORMATION:-
Stock is trading in a range and line will lead to downside movement. Stock is trading near the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 49.60 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is...
