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SBK trade ideas

Standard short- Standard BankOur Mid-term budget showed just how bad things are and we saw the currency blow out above R15.00/$. We also have Moodys tomorrow and there is a good chance that we may get bad news from them. Technically, the SBK chart has formed a bearish head and shoulders which could see the price drop quite a long way. I have entered our short (for SMART portfolio clients) at 175.50 with a stop loss at 184.00. I am only risking 2% of my portfolio. I am targeting 155.50 however, I will play this one by ear. robp@unum.co.za
JSE:SBKShort
by RobbyP
Another Bank Another Dollar!Last week from the 14th of October right up to the end of the week the stock seemed to be respecting the weekly Tenkan level which acted as support. We however saw a small breach of this level the last day of the week,though the average volume was somehow less. We can therefore conclude that the weekly Tenkan level is our area of focus. If on Monday the 21st we have a close above the 17942 area we take the long. Entry: if we close above 17942 on Monday ( 2 positions) SL: 17555 TP1: Daily SSB/Weekly Kijun 18738 TP2: Weekly SSB 19211 Risk Management is King
JSE:SBKLong
by taftrader
Pair trade: ABG likely to outperform SBK?Idea whereby going Long ABG and simultaneously going short SBK. Market neutral trading strategy. A conflux of technical indicators supporting a bullish bias (ABG to outperform SBK) Crossing above its 50-day simple moving average. Testing its 200-day simple moving average. MACD bullish crossover - first of such a signal in the last 28 days. Bullish parabolic SAR trend. Bullish Heikin-Ashi trend. Time to exit: +/- 11 September 2019, with the option to extend the time to exit.
JSE:SBKLong
by Peet_Serfontein