JSE:NPN As posted few days ago $JSENPN is stuck in symmetrical triangle. Last push didn't get to the top of triangle so chances we are going to back test bottom and eventually broke lower are increasing.
JSE:NPN Making symmetrical triangle. Back to 260000 or there about. Break bellow will probably open 200000/220000 area
I am looking for buy opportunities on this pair as the 5 impulsive waves down have completes, I do not trade wave B so I wait for a n entry from a buy limit order@277742 OR a buy stop @295501 TO tp@326535. This is confirmed by the trendline broken out and also a possible King's Crown
Currently we have a failed breakout in play of the October balance below 2920. We could revisit the 2 High Volume areas of the balance at 2723 and 2573. This Is my primary scenario A. Alternatively, scenario B, NPN stabilizes above 2920 level for a shot higher back to 3000 and above. Levels in RED are intra-day levels to watch.
Established in South Africa in 1915, Naspers Limited is a media, internet and entertainment powerhouse with a footprint in more than 130 countries, and is one of the largest technology investors in the world today. The group’s principal operations are in e-commerce, video entertainment, print and online media. Naspers shares have continuously been one of the JSE...
JSE:NPN Broke bellow support around 285000. Flat bottom triangle is in place. Target 160000/170000 I'm afraid that golden time for $JSENPN are behind us.