Standard Bank just made a huge signal to SELL to R150

Standard Bank has formed an M Formation.

The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA>

So it looks like the next target is R150.00.

FUNDAMENTALS

Fundamentals also came out today and yesterday which could influence the price and the large candle today.

Standard Bank Group Says FY Headline Earnings Per Ordinary Share At 2590.4 Cents

Standard Bank posted a 27% in annual profit.

And there was an appointment of a non-executive director