JSE:NED Nedbank Effort without Response
Updated
Nedbank is testing the oversold trend of the upward stride which is just below the Yearly Pivot Point and at the 200 Week SMA. High volume has been come in and there is effort (OBV) with out response indicating demand has increased. Looking for the upward stride to continue.
Note
A strong rejection of the oversold line this week confirms the continuation of the upwards stride.
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