Standard Bank

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Standard Bank | Following several tests since Q1, the share is at risk of breaching it's 21-week exponential moving average to the downside. The share has sold off strongly from our sell re-entry range ~R338 and recently tested a low of ~R313. At current levels, volatility in the share is low with the price now rebounding into it's declining 8-week EMA. Rating: Buy on Deeper Pullback.

Lester Davids

Senior Investment Analyst: Unum Capital