NEDBANK - Long IDEAMarkets are expected to experience a relief rally.
Stochastics turning up from oversold. A close above the 20ema (orange line) will add conviction to the trade.
TP & SL on the chart.
NED trade ideas
Nedbank down down downOn my radar, I'm just seeing downside for the banks!
Even Nedbank has given a potential short position.
Below Symmetrical Triangle
Target 1 - R169.95
What are your thoughts?
NEDBANK group long term short NEDBANK group on the monthly candlestick has printed a break plus pullback type of a pattern to a trend line and has reacted with some bearish momentum on the 61.8 fib retracement level.It has also reacted on the previous support zone which later becomes the resistance as we can see. According to this price action I expect a long term bearish perspective on NEDBANK down to the 6800 Zac mark.
NED LongIt is testing the 50-day moving average level of R214.42 and a break above the moving average will see the share heading towards R226.89.
NED - Bullish EngulfingA bullish engulfing has formed on JSE:NED . This could mean a reversal to the upside.
NED - sitting on tripple supportNED is retesting a big support level at R200-R205 level, RSI currently oversold around , if buyers step in here a good Risk reward is favored to the upside
NED - Possible ShortNEDBANK has formed a shooting star pattern followed by a bearish engulfing candle. Both of these are signs of a potential reversal, so I think we could be seeing a nice short position coming up soon.
NEDBANK LOOKING GOOD THUS farLooking at NEDBANK, we might soon see it moving towards the 200MA (5 year) timeframe & find resistance there. Pricing R195-R200. I bought myself some stocks and going to hold. You might want to look at FSR as well. Position medium.
Long opps in JSE:NEDBullish price action with price closing above the the EMA200 then breaking out again to close above the SR level at 19000. Looking to reclaim the levels prior to 2020 market crash, will be watching with great interest as 20000 is a big psychological level. Keenly looking for setups here.
Nedbank - Ascending Triangle BreakoutJSE:NED has broken through the top of the ascending triangle pattern. Looking good for a long position.
@VIllageTraderZA Nedbank breakoutThe broke the over head resistance. After been in a sideways bound.
I will build a position with an initial 1% risk with 6.6 Shares.
H&S on NedbankA slightly ascended head and shoulders has formed on JSE:NED . If this pattern plays out, we could see a move downwards to the target at around 13000 support area. This coincides with a breakout of the ascending channel that happened on the 9th of November.
Nedbank GroupClient report (initial thoughts and ideas) for the week commencing 11 October has been published.
Nedbank (NED, 16821c) | 50-Day EMA being lost. Trend line support extending back to the March 2020 lows at risk where it's highly probable that it's breached. RSI at 41 (bearish momentum).
Edit: Not a day or short term, but rather a medium term view.
Full report available via our trading desk. For more insights and trade ideas, get in touch today.
Double Top forming on NedbankAlthough not confirmed yet, JSE:NED seems to be forming a double top pattern.
Here is the definition of a double top from investopedia: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
Although it still has quite a distance to go, if it continues down and breaks through the "neckline" I think we could see a nice downward move all the way to the support level at around 15250. I will be waiting for confirmation before entering.
Nedbank Group - Long Target ReachedNED: Potential price path followed and target reached today (published Tuesday pre-market). Expected a pullback (occurred earlier this week) before advancing. All annotations have been retained on the chart.
Our clients are equipped with a consistent plan and process to generate cash flow around core positions.
Get in touch, today.
NED - Bull flagBreak of the bull flag could potentially give an opportunity to retest the trendline at R168. Full target is at R180 while stop loss will be a close below R168. NED did release a decent trading statement last week so this week will be interesting to see how the market reacts.
Nedbank - Strong Follow-ThroughThis morning the strength in banks continue, with NED at it's highest level since March 2020.
The share also higher by 3600c or 26% from our 13 April idea (via this platform and levels via our research), see related idea.
I am publishing much more detail, ideas and insights to our clients who 'get it first', along with ALL key levels.
If you feel your stockbroker is NOT doing the same by consistently flagging opportunities to generate alpha, both locally and globally, then get in touch, TODAY!
JSE:NED Nedbank finally on the moveNedbank has taken some time but is finally on the move to R200. Financials are making a final push and Nedbank is one of the stronger banking stocks. Look for a final push into support likely to become resistance.
Nedbank swing trade3JSE:NED broke out of the R145-ish resistance, and it's supported by the 50EMA. Taking a swing trade at this level, targeting the next potential resistance level at R193. With a stop below the 50EMA, this is a potential 1:4 risk:reward trade.
JSE:NED Nedbank push to R200After some time hanging around the yearly pivot point, Nedbank is now ready to make the push to R200 to finally recover the covid losses. I have had to have some patience with this one - see posts below.
