Price is pulling back to close an open gap at R3325
RSi into oversold territory.
If buyers support the stock here i will look to trade a long position of this level.
Stop loss and Take profit on the chart.
Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes, with little or no trading in between. Gaps can...
Naspers closed the month near its highs and above the previous month high.
Next major levels are the swing high at R3582 and R3605 .
Bulls hold the upper hand above R3315.
A fakeout is a false breakout that occurs when the price moves outside of a chart pattern but then moves right back inside it. It is also known as a “false breakout” or a “failed break”....
My comment at the open:
Update: Naspers NPN
(1) Traders can bank/take profit on this trade.
At the open, the share is higher by 4.9% from yesterday's suggested entry.
The full target was a 5% (ungeared) gain.
Short Term/Active Traders can also consider the following:
(2) Raise their stop-loss to protect capital
(3) Scale out of the position as it...
Seems there is some divergence in NPN, can we expect a rapid drop soon to the bottom or the trading channel or more. Ten cents seems to have a similar pattern. Any thoughts?
Speculative Trade Idea : The share may trade lower before continuing it's short term advance, hence a buy at current levels or preferably better. Key Drivers: (1) The share has, in the form of falling channel, retraced to the mean (mid-point) of it's rising 2 standard deviation 21-day linear regression trend channel. This retracement also coincides with the...
Naspers had a positive close yesterday with a bullish macd crossover
Expecting a bullish short-term rally towards R3310 while support at R3080 is intact
Falling Wedge Formation is evident on the daily chart.
The price is still consolidating around the apex.
We need the price to break up and out of it to confirm upside to come.
7=21
Price >200
RSI>50
Target R4,000
ABOUT THE COMPANY 2023
Naspers was founded in 1915 as a newspaper publisher in South Africa.
The company is headquartered in Cape Town, South...
We entered a long position on JSE:NPN on the 22 of March based off of the engulfing candle from the previous trading day. It is currently looking great and we are well on track to reaching the target at the 3550 level.
We had a confirmation break with Naspers Inv Cup and Handle.
The price broke to the downside and now it shows strong falling to come.
7=21 price>200 - Reversal
RSI <50 - Bearish
Target R2,766.00
This coincides with the fall in JSE and other markets since the SVB collapse. I expect more Blue Chip stocks to tank until the world enters some type of equilibrium...
Break in Uptrend structure confirmed and we are no longer in an uptrend.
We've been in a sideways range and now entering a bear market as of today.
We now have a largeish Inv Cup and Handle with a few bearish signals.
21>7 - bearish
price>200 - Bullish
RSI <50 - Bearish lower highs
Target R2,766.00
WARNING
Even though we expect the price to drop, it's only...
After a fantastic long trade with Naspers, it's eventually broken below the Uptrend structure.
This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle).
7=21 price>200 - Reversal
RSI <50 - Bearish
Target R2,766.00
As always it is correlating with Tencent and Prosus... We saw a sluggish...
Naspers has a nice clean looking ascending triangle pattern setting up. For a trend continuation. WIth a R3823 short term target. I think the trend has more legs in its spring those.
Naspers found support off its long term bullish channel support line and has held nicely above its 8 day box breakup.
targets for this pattern can see it go back to trade the R3600.00 level
