$JSENPN - Naspers: Rectangle Pattern Consolidation
Naspers has been trading sideways since the 27 Jan 2023 peak at 358266.
The overall trend from March 2022 is still bullish so my bias is this is a consolidation pattern for upside continuation.
A good buying level however is at the bottom of the pattern around 292306.
Until price shows its true direction, ideally with a strong breakout on high volume, i will sit on my hands.
The overall trend from March 2022 is still bullish so my bias is this is a consolidation pattern for upside continuation.
A good buying level however is at the bottom of the pattern around 292306.
Until price shows its true direction, ideally with a strong breakout on high volume, i will sit on my hands.