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STANDARD BANK GROUP LTD

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SBK trade ideas

STANDARD BANK (SBK) 4-HOUR TIMEFRAME SHORTIn the spirit of load-shedding in South Africa, i decided to try out the dark theme. Without futher ado, let's start our analysis. The price for this stock is forming a descending broadening pattern, and i expect it to continue to bounce against the pattern's support and resistance zones. The price for this stock is currently creeping towards a resistance level at the 19 650 mark, and it will be interesting to see if prices will break this zone or reject and continue lower. A possible target for a short position is the 18 280 level. I would only open a small position, as this trade is likely to be against the prevailing trend, as the 200 moving average is currently below the price, signalling bullish bias. Well, so much for indicators!
JSE:SBKShort
by munyaelliott
Standard Bank: Pending Consolidation Break UpStandard Bank: This idea goes against my typical strategy to buy low and sell high as well as my long term outlook on SA Banks which has a bearish tilt. That being said, SBK’s share price has started to consolidated above the 200-day moving average and seems to be eyeing the resistance zone of 19771c. What has struck me today was the following: while the low of the day (18900c) was a one-week low, the RSI attempting a breakout while the ‘money flow index’ has broken a nearly 3-month downward trend line and is pointing sharply higher. In mid-afternoon trade the price is printing a bearish engulfing candle while being supported by the 50day moving average. Does it pull back over the next day or two ? I just don’t know however a break of the overhead resistance may open up 21000c and 21800c as targets. Stop-loss: 18870c.
JSE:SBKLong
by LD_Perspectives
Dark Cloud Cover on SBKA dark cloud cover has formed on JSE:SBK which is a top reversal signal, so we can expect a downwards move. A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body. This particular pattern has formed on quite a strong resistance level which solidifies the signal. We will look at entering a short position if it trades around the 17200 level with a target around the previous support level of around 16000.
JSE:SBKShort
by RossLarter
SBK Corrective Structure - Effort To BreakStandard Bank Group Ltd. is the ultimate holding company for the group’s interests and is a leading African financial services group with South African roots. The group is South Africa’s largest banking group by assets and currently operates in 20 countries in sub-Saharan Africa. Their strategic position enables them to connect Africa to other selected emerging markets and pools of capital in developed markets. Technicals Weekly: A predominant uptrend on SBK has been evident for a few decades now although there have been a few significant pullbacks. The current structure formation leads me to believe that we are in a large correction at this point in time. I expect some recovery soon and then will be looking for wave 3 of the correction to the downside. I expect this wave to complete on the support of the underlying trend where I will be looking for a reversal to enter the long. Daily: There has been a break of the downward trendline but I am not convinced of the reversal as yet. I will wait for a confirmation structure on a smaller time frame before entering the long for wave 2 on the weekly time frame.
JSE:SBKLong
by Linton_White
SBK ShortWill look to allocate off the shaded levels - Shorting if price starts to trade below shaded level - I have exposure to Financials for upside(x3), need to re-balance for downside risks. ie create synergies with open positions - I have a bit of a bias to the down-side here, thinking JSE:MTN will drag JSE:SBK. Last time(2015) this was the case, in that instance the affect was delayed but highly correlated My thinking is that the relationship should see JSE:SBK price affected
JSE:SBKShort
by cgd
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