Thursday, March 8, 2018

Annual Forecast for Standard Chartered (2018)

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

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