Cup and Handle has clearly formed on Standard Bank.
I don't like this Bearish engulfing candle that formed.
The price didn't break above the brim level so we will have to be a bit patient before buying.
We then have other bullish signs in the meantime.
7>21>200 - Moving Averages
RSI>50 -
Target R200.00
CONCERNS: Obviously we are not going to buy until we get the break. This can either go up or can crash heavily.
All we can do is wait and act accordingly.
I don't like this Bearish engulfing candle that formed.
The price didn't break above the brim level so we will have to be a bit patient before buying.
We then have other bullish signs in the meantime.
7>21>200 - Moving Averages
RSI>50 -
Target R200.00
CONCERNS: Obviously we are not going to buy until we get the break. This can either go up or can crash heavily.
All we can do is wait and act accordingly.
🌐NEW Website 2025:
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.