Standard Bank almost ready for a good buy to R200 or Goodbye
Cup and Handle has clearly formed on Standard Bank.
I don't like this Bearish engulfing candle that formed.
The price didn't break above the brim level so we will have to be a bit patient before buying.
We then have other bullish signs in the meantime.
7>21>200 - Moving Averages
RSI>50 -
Target R200.00
CONCERNS: Obviously we are not going to buy until we get the break. This can either go up or can crash heavily.
All we can do is wait and act accordingly.
I don't like this Bearish engulfing candle that formed.
The price didn't break above the brim level so we will have to be a bit patient before buying.
We then have other bullish signs in the meantime.
7>21>200 - Moving Averages
RSI>50 -
Target R200.00
CONCERNS: Obviously we are not going to buy until we get the break. This can either go up or can crash heavily.
All we can do is wait and act accordingly.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.