Timonrosso

Standard Bank Showing upside to R200.00 with a major warning

Alış
JSE:SBK   STANDARD BANK GROUP LTD
Cup and Handle formed on Standard Bank.
The price broke above the brim, then it came back down to give a conservative entry.
7>21>200
RSI>50
Target R200.00
WARNING
The biggest issue is that a GAP has formed during the formation. Statistically, gaps close 70% of the time, which means we can expect downside to come in the next few days.

Look the bias is bullish but with the gap makes it a medium probability trade.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.