Get started
NEDBANK GROUP LTDNEDBANK GROUP LTDNEDBANK GROUP LTD

NEDBANK GROUP LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

NED trade ideas

Im liking the banks!We closed above the weekly tenkan. Failed to actually cross it, indicating bearish weakness. Two weeks ago on the weekly we had a convincing bullish candle which pierced that same tenkan,so a test of that break was coming and we seem to have got it this week.That bullish weekly candle also confirmed a higher high after reaching a low mid August. This could be a major trend reversal from a bearish trend that started end of June. Entry: Close of Friday candle 23269 SL 23266 TP: 25061
JSE:NEDLong
by taftrader
NEDBANKNEDBANK H4 (240 Minutes) Timeframe Reasons For Entry: - 61.8 Fib Retracement - Wave "B" Correction Entry Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a recommendation. This is purely what I see in the market, trading the setups is at your own discretion and risk.
JSE:NEDShort
by TheGreatestMarketAnalyst
1
Wave 5 Up or Break Down for Nedbank?Nedbank Group is one of SA’s four largest banking groups by assets and deposits, with Nedbank Ltd. being its principal banking subsidiary. Nedbank Group is a JSE Top 40 company with its ordinary shares listed on the JSE since 1969 and on the Namibian Stock Exchange since 2007. The group's market capitalisation was R128 billion at 31 December 2017. Old Mutual plc is Nedbank Group's majority shareholder, with a 54.05% ownership of the group. The group provides a wide range of wholesale and retail banking services and a growing insurance, asset management and wealth management offering through four main business operations, namely Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and Rest of Africa. Technicals This is a bearish structure formation so ultimately I expect a break to the downside. AS things stand now, I am expecting wave 5 to complete before the downside will occur. Price broke above the orange trend line indicated on the chart which leads me to believe that wave 5 is likely. There is however a possibility that a larger correction will form so be weary of reversal signs.
JSE:NED
by Linton_White