SBK

Tuesday 27 February-2024, 06h30 | SBK Standard Bank | I do my utmost to provide a balanced perspective, specifically with regard to multiple time frames. My communication with clients suggest that there is demand for the Tactical Trading Guide and if you are a short term, active trader, there are always opportunities to generate cash flow around core positions. Yesterday’s pre-market reading for SBK is yet another example of how the reading acted as a guide to the potential price action and opportunity. In short, if the 8-day EMA was breached, then around the 21-EMA would be a range to buy. We saw the share trade at this level which was followed by string buying which saw the share close near the highs of the day.