Watch 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...
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.
Wedge 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...
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.
Market 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 ...
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...
A short has been entered on JSE:SBK based off of our momentum indicators. We are aiming for a target at around 12300 or adjusting the stop loss accordingly as the trade moves downwards.
- It's good practice in trading/investing to always pan out and see where we are on the bigger timeframes.
- Currently in a major resistance zone with oscillators overbought ... add the current market climate and i would be cautious on the longside.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
