Standard Bank - Held first support

SBK is probably has the best looking chart out of all banks currently, in my opinion. Whilst the other major banks have overshot levels to the downside, SBK managed to hold onto the first blue TL at around 160. ZAR weakness cold be a determining factor going forward, and we might see SBK push lower to second level of support, anywhere in the mid-150's (solid blue TL). For any longs, I would keep an eye on the second TL as a stop.
Parallel ChannelSupport and ResistanceTrend Lines

Disclaimer