SteynTrade

JSE:NED Nedbank Watching Banking Stocks

Long
JSE:NED   NEDBANK GROUP LTD
Similar to Standard Bank and Firstrand Nedbank is making higher highs. There have been high volumes between R80 and R110. After the significant selling climax, there is some room in the recover before the previous area of volume around R200. This gives a good risk: reward ratio if the last point of supply (LPS) is used to define the stop-loss.

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