A bearish
signal has been generated on Standard Chartered stock (LSE:STAN). Price was
bullish from December 2017 to February 2018. However, price has dived recently…
It has
moved below the EMA 21, and the Williams’ % Range period 20 is now in the
oversold region. This a bearish signal in the market.
The
outlook on Standard Chartered is bearish for this year. The market is expected
to go downwards towards the demand levels at 750.00, 700.00 and 650.00 before
the end of 2018.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ realities:Trading realities
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