Pairs Trade Update: Take Profit on Long SBK/Short INLWe have entered the target range on this pair (2.29-2.35). Take profit for a 5.8% return over the 2 weeks (idea published 10 May). by LD_Perspectives442
Standard bankSeems like SBK has been flagging on the weekly timeframe for a potential move lower; below 100. Shortby Innocentmaponde113
Pairs Trade Idea Update: Long SBK /Short INLI promised myself I would also focus on a market neutral strategy. Yesterday (Pre-Market, Monday 10-May) I add 1 idea to my report: Long Standard Bank (SBK)/Short Investec (INL). As of 2pm on Tuesday afternoon, the pair was higher by 4.84% over the 2-day period vs -1.6% for the All Share Index for the same period. It closed +4.33%. Market neutral strategies are used by traders to reduce risk while simultaneously attempting to generate alpha. To achieve this, traders make use of pairs trades which involves matching a long position with a short position in two stocks with a high correlation. I'll continue to monitor for opportunities in this strategy. by LD_Perspectives3
SBK - R120 SupportSBK once again holding onto that R120 after its dividend last week. It also did volume on the session after the dividend so there could be signs of buying returning into the stock. Long idea remains as long as R120 holds. 1st target at R130 and full target at R140Longby JonathanOtero7fUpdated 2
Support brokenDifferent levels of support broken, hoping it recovers, but not looking great.Shortby TradingMzansi1
Standard bankPrice back at major support on the daily chart. Will it hold? Maybe, maybe not. There is also a H&S like pattern developing. Should the support/neckline break, R100 is the measured target. by Innocentmaponde2
SBK - Support at R120SBK has found support once again at the key R120 level. Friday's close triggers a long idea with 1st target at R130 and full target at R140. Stop loss a close below R120. Longby JonathanOtero7fUpdated 1
SBK - 1D - RETRACEStandard bank has made a nice retrace to Fibonacci levels, Stochastic oversold. Might target the 200dmaLongby AWPEARCE11
SBK - Target Reached - Now Looking ForwardTarget Reached. Looking Forward - Extract From My Upcoming Weekly Report (29/03-02/04) The share traded into our accumulation zone, which was the range support and the 200-day simple moving average, from which we saw a 700c rebound 11900c to 12600c (trade idea target range). The declining 8-day EMA may now act as a 'first' resistance level. Expect consolidation around the 8-EMA with a possible scenario being a moderate pullback toward the mid-point of Friday's trading range. If you missed the buy/long, only look to enter if the share pulls back and consolidates. Shorts/sellers, using the 21-EMA near 12900c-13100c as a distribution area. Chart Time Frame: Daily by LD_Perspectives2
SBK - Following The Recent Sell-Off, A Speculative Buy/Long We may see a few red dog reversals in the market today. Speculative Long on SBK. Entry 120.44 Stop 117.50 Target: 126-127.50 Longby LD_Perspectives3
SBK - Showing some downward momentumJSE:SBK has started showing some strong downward momentum with today's price action. I will keep an eye on this one for confirmation of a short as the stochastic, MACD and EMA's are all showing downward pressure.Shortby RossLarter1
SBK - 1W - POSSIBLE DIVIDEND PAYERWeekly 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.by AWPEARCE10
JSE:SBK Standard Bank Joining in the FunAs for the other banking stocks, Standard Bank is looking to markup. The strength has been clear since December - see post link below. The pullbacks have been shallow and volume increases on up moves have shown buying interest. Now it is time to finalise the expected move back to R160.Longby SteynTrade2
Standard bankPrice consolidating ever since breaking out of the 120 resistance in November 2020. Watch out for a break of 134/135.Longby Innocentmaponde0
SBK retracing to trendlineSBK looks posied to retrace, look to buy long at shaded zone. end of year volume./Longby serioussam812
JSE:SBK Standard Bank Last Push for 2020This is an odd time of year to look for any significant move but we just may have a last gasp attempt in some bank stocks to back up to previous support become resistance. After the covid drop, we have seen some accumulation in Standard Bank. Now after a sign of strength (SOS) in November we have seen a back up (BU) to the accumulation range that was formed. The breakout of the BU indicates that we could mark up to the previous support become resistance at between 16000 and 18000. This gives us a short term play to this level going into 2021. However, from there we are likely to be looking at the markdown to continue challenging the covid lows.Longby SteynTrade0
SBK - gaining downward momentumJSE:SBK has broken through an upward trendline that it has been obeying since end of October. Today's price action is showing some strong downward momentum. The stochastic and the MACD have also crossed downwards, confirming the signal for a short position.Shortby RossLarter3