SteynTrade

JSE:NED Nedbank Some Downside to Come

Short
JSE:NED   NEDBANK GROUP LTD
Nedbank has been steadily increasing but after breaking the upward stride and breaking below the key 25000 level it seems that there is some distribution taking place. In the distribution, we see increasing volume on the declines and decreasing volume on the increases. Volume spikes are at the peaks. Looking for some markdown to take place.

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