After distribution and a backup (BU) to the trading range the markdown of Nedbank started. After the breakout of the BU trading range we now have a retest. Volume increases on the declines and negative divergence on the volume RSI there is some momentum pushing price down. The relative strength is declining and NED is weaker than the market.
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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.