Loyiso_BlaqueSoros_Mpeta

$JSESBK - Standard Bank: Trendline Works, At Least Sometimes

Long
JSE:SBK   STANDARD BANK GROUP LTD
See link below for previous analysis.

Standard Bank stock has a very strong and reliable support trendline.
The stock caught a strong bid on good volume again at the trendline.

Momentum has not been the story here, just steady grinding upwards towards the all time high of 23100.

I maintain a bullish stance as long as this trendline keeps supporting the stock.

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