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SBK - Heading Down?

Short
JSE:SBK   STANDARD BANK GROUP LTD
We may derive the following from the Weekly SBK chart:

1. Price broke its weekly uptrend.

2. Multiple rejections occurred at the 618 fib level.

3. Price i.m.o should continue to fall to 175 and then 155.

4. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.

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