See link below for previous analysis.
Nedbank has finally broken out of a two year consolidation-continuation pattern.
The stock looks set to have its second consecutive weekly close above the resistance line.
The breakout has been on average volume but is valid nonetheless.
I will maintain a bullish stance above 20000 cps with a medium-term target of a new all-time high.
Nedbank has finally broken out of a two year consolidation-continuation pattern.
The stock looks set to have its second consecutive weekly close above the resistance line.
The breakout has been on average volume but is valid nonetheless.
I will maintain a bullish stance above 20000 cps with a medium-term target of a new all-time high.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.