Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

mmmm

Reply
Asher
Regular Contributor
Ned's daily closing price chart is beating a very interesting pattern against it's resistance line
0 Kudos
3 REPLIES 3
Not applicable
there a really HUGE reverse H&S pattern on NED on the monthly/weekly scale... and seems really tempting... but dunno... then today STDBNK say ned is fully priced... so dunno even more...
0 Kudos
john_1
Super Contributor
Thank you for bringing this to my attention. I think the point is this has been a remarkable turn arround, the key driver is the investment banking side. The charts tell me that next stop is 148 but I do not think it will stop there. I have been in on a nice warrent for a sweet return so far I will add to my position on the break above 148.
0 Kudos
cfm
Super Contributor
Even though this thread was started some time ago, it is relevant today as well. The close from 23 Feb is acting as resistance today. A break of this resistance will be the highest close since May 2002.
0 Kudos