Standard Bank Showing upside to R200.00 with a major warning

٢٦ فبراير ٢٠٢٣

Cup and Handle formed on Standard Bank.
The price broke above the brim, then it came back down to give a conservative entry.
7>21>200
RSI>50
Target R200.00
WARNING
The biggest issue is that a GAP has formed during the formation. Statistically, gaps close 70% of the time, which means we can expect downside to come in the next few days.

Look the bias is bullish but with the gap makes it a medium probability trade.