Boyobach
18 Oct 2018
An 18 month low OK - let’s refine the levels in my last post now we are below 560. Next stop 480? image.png1012x833 96 KB
Boyobach
11 Oct 2018
An 18 month low I have just two more red support lines on my chart, at 560 and 500. 560 looks like a certainty now. Below 500 it’s back to the absolute bottom of 400 (well 370 ish wasn’t it?). Just a disaster, really.
Boyobach
11 Oct 2018
An 18 month low Being ‘fair’ can get expensive, Yee. Glad you are out of it at the moment.
Yee_Wo
10 Oct 2018
An 18 month low To be fair to StanChart the Whole Market is in a downward spiral this week! I currently have no position in STAN.
Boyobach
10 Oct 2018
An 18 month low Still careering down. The last time it fell through this level (black line), in November three years ago, it was eventually destined for 400p. image.png1048x566 76.4 KB
Boyobach
01 Oct 2018
An 18 month low The moment did indeed slip away. The brief three day rally just seems to have confirmed the limits of the downward path, which is becoming ever more firmly established day by day. image.png1048x568 82.3 KB
Boyobach
26 Sep 2018
An 18 month low The moment could be slipping away: image.png1048x549 75.8 KB
Boyobach
24 Sep 2018
An 18 month low So, two weeks on from the last chart, with the track adjusted to accommodate STAN’s accelerating drop earlier in the month, we can see how last week’s rally may have hit the buffers. As we near 2pm BST today, the doji on the right shows how the price is struggling to escape upwards having been repulsed at 648. Whilst the low was checked at about 640. Is the price at a decision point? It really needs to break back up into the 650’s to show any credible sign of recovering… image.png1048x527 59.7 KB
devonplay
19 Sep 2018
Time to buy? Danske Dirty Money! You can guess there’s just be mention of the rumours about STAN again. Not inconnection with Danske, just dirty money. Bloomberg a few seconds ago. DL
Boyobach
18 Sep 2018
Time to buy? Yee_Wo: 647p as I type, Time to Buy yet?(!!). I hope you didn’t Yee. This is turning into a car crash… again!
Boyobach
17 Sep 2018
An 18 month low Two months on from the start of this thread and STAN continues to descend, now at two year lows, with no end in sight. Definitely not a ‘buy’ as 560 hoves into view on my chart. And will it end there?
Boyobach
04 Sep 2018
An 18 month low Well it’s thanks to you, Devonplay. I had mistakenly thought the worst of the US shenanigans were behind Stan. Clearly I was very wrong. I had nearly pitched in further but the chart really did not look good and the Bloomberg story provides a credible and tangible reason for that. If it slips below 600 (I happen to think that 620 is the last serious level of support) then I can’t see much support in the 500s to stop a dramatic fall back to the kind of levels seen in the first half of 2016. I’m not overly exposed at around £7 - but mulling over whether to sell on the basis of the risk this now seems to present.
devonplay
03 Sep 2018
An 18 month low Thanks, I’m glad my multi-tasking is still good…and my hearing. Proves early retirement doesn’t age you! DL
Boyobach
03 Sep 2018
An 18 month low Bloomberg article on further US fines
Boyobach
03 Sep 2018
An 18 month low I did have 664 as a potential support (buy) point around mid August but it crashed through that without so much as a pause. Chart1 shows where I figure the support lines are (red) according to long term trend. What bothers me is the obvious potential for a significant drop if the sp plunges below 620 and the horrendous performance of the sp over the last 4 months (chart2) which has shown no sign of turning other than today’s bounce. It certainly looks a risky ride to me - and I’m consequently not buying till I’m more convinced about the sp levelling off. Close-up of recent months:
