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Nedbank - Breakout from Bearish Pennant
NED
, 1W
Short
NED: Nedbank - Breakout from Bearish Pennant

South African banks are bearing the brunt of the economic impact of COVID-19 and lockdown. Fundamentals: Prior & ongoing recession Weak ZAR Low interest rates (limited profitability) Decreased business activity Pervasive credit losses & impairments Technicals: Breakout from bearish pennant Decreasing RSI (not oversold yet) Share price...

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