🔔 Strategy Alert: Standard Bank

Lester Davids
Apr 3
1 min read

Trade Standard Bank with Unum Capital.

To get started, email lester@unum.co.za

The ZAR and news-flow will dominate the day which is bound to elevate volatility.

Stay flexible and be prepared to adjust in real-time!

Previous Post: Getting Paid: For Active Traders, Standard Bank Delivers On The Long & Short Side

Standard Bank tested it's 200-day SMA, rebounded, and is now looking to break below this level again. We are going to have to see the price stabilize before considering a new buy long position. The move lower over the last few months is in line with our 15 August view: " Caution To New Longs" as well as our alert (12 November: Channel Check) which warned around a change of trend from neutral to bearish.

Original Posts:

Caution to New Longs > https://www.unum.capital/post/standard-bank-trading-at-multi-month-highs-here-s-what-the-data-says-thursday-15-august-2024

Channel Check (12-Nov) > https://www.unum.capital/post/channel-check-standard-bank

SBK Daily Chart at Friday's close: