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Trend_Trader_JSE

Nedbank swing trade3

Long
NEDBANK GROUP LTD (JSE:NED)  
Trend_Trader_JSE  
JSE:NED   NEDBANK GROUP LTD
Trend Analysis Chart Patterns Technical Indicators trendtrader trendfollowing
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trendanalysis chartpattern indicator trendtrader trendfollowing
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.
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