Similar to Nedbank and Firstrand, Standard Bank has seen a dramatic decline which ended in a selling climax (SC). We are now seeing a recovery back to the breakout levels. There is significant volume between R90 and R110 forming a last point of supply (LPS). A break above this could see a retest of the R160 level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.