Annual Trading Forecast for Standard Chattered (2017)

Standard Chartered stock (LSE:STAN) is currently bearish, and it may go further and further south, despite massive gains it experienced in January 2017.

Price is now below the EMA 21, and the Williams’ % Range period 20 is heading towards the oversold territory. There is a bearish signal in the market, which is expected to be stronger once price moves further downwards.

The outlook on Standard Chartered is now bearish and that may continue for the rest of this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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