Standard Chartered eyes 200-DMA
Failure at the rising trend line resistance coupled with the falling top formation on the daily chart suggests the share price is on track to test the 200-DMA support seen today at 687.31.
The 50-DMA has topped out as well and that adds credence to the bearish view.
The 50-DMA has topped out as well and that adds credence to the bearish view.
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