NPN: GapNaspers has gapped to the upside Will it come back to close the gap it created? The value of the gap is R183.57by Maboko0
NaspersNice base developing on NASPERS, a technical rounded bottom chart pattern building. A cross above the 1900 area may be bought. But the real hurdle is that down trendline which is coinciding with the 200dma (around 2300). That's the area that need to be cleared to expose higher prices.by Innocentmaponde2
NASPERS - Observation Just posted this yearly chart to show that 2022 is the first year since 2002 that Naspers has broken the previous year's low. For the quarterly to shift gear and attempt a reversal (turn green), R1690 will need to be captured by the bulls. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan3
NPN - the bus is leaving?I'm looking at weekly and monthly chart, waiting for breakout from downtrend. Taking conservative view so would find more comfort on breakout when price moves above 2750/2800. Plus, Chinese regulatory issues appears to be priced in. - MACD crossover - breaking previous support by ArshadTUpdated 0
BUY NaspersAfter observing that the current price is at a major support level and candle are indicating a rejection on that level, we can initiate a strong buy position. Longby Thapelo_Khubayi5
NASPERS - Ready for a longAll three of our momentum indicators are signaling a long position on JSE:NPN . So if it continues up today, we will enter the trade.Longby RossLarter1
NPN - Naspers Ltd LONGShanghai and China covid lockdowns resulted in green open this morning. RSI looking stronger. Trading at around 65% discount to NAV. Source: (anchorcapital.co.za) I believe we reached the turning point,Target 197700. Not trading advice, solely personal opinion. Longby John2506332
Nasper new 52 week lowJSE:NPN just clocked a new 52 week low. Not an achievement I would like to celebrate. Potential support level near R2070. Nothing is too big to fail. Stick to sound risk management. Don't have a position here.by Trend_Trader_JSE0
NaspersNaspers still looking vulnerable. Looks like a H&S technical pattern breaking on the daily chart. If this works out, we could get as low as 1900!Shortby Innocentmaponde2
NASPERS BULL RIDE#NPN showed significant resistance at fibonacci level 60 at price 230016. Anticipating a long movement. Fair entry point for a swing trade. Longby Thapelo_Khubayi1
Naspers - GAP Close - Naspers closes the gap created on the 12th of JAN - Looking for support here for a reversal else we could head lower to test swing lowsLongby Trader-Dan6
Naspers - Daily Analysis - 13-Jan*The following is an extract from research published to our client group this morning* - Sidebar levels excluded. The falling wedge technical structure, breakout, subsequent back-test and rally may have been a textbook development while yesterday’s rally was one for the books . Tencent is slightly lower in HK thus a we may see muted action in NPN compared to yesterday however don’t be surprised if the share bucks the trend vs Tencent and trades slightly higher again today. DAILY CHART. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers - Daily Analysis - 12-Jan*An extract from this morning's research published to our client platform*. For more insights and real-time ideas, get in touch today. "The falling wedge technical structure and subsequent back-test may have been a textbook development with the share rebounding strongly during Tuesday’s trading session. China tech strong in the US last night (see side-bar). Expecting further follow-through today with Tencent higher in HK this morning. DAILY CHART." Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. by LD_Perspectives0
Naspers - Gap close target- With markets being buoyant and Tencent up in Asia over 4% , gap close and a move to the range top is on the cards for Naspers -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. -Longby Trader-Dan2
Naspers - Daily Analysis - 11-Jan*An extract from this morning's pre-market research published to our client group* Yesterday’s pullback appear to be a further back-test of the falling wedge formation. This should be considered normal price action. Tencent is higher in HK thus moderate buying can be expected. Any further weakness would bring the 2340-2360 level in play where an opportunistic intraday buy could be executed. Will assess further, in real-time. DAILY CHART. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today. by LD_Perspectives1
NPN (D)The Orange TL could potentially be the NECKLINE of a HEAD and SHOULDERS Pattern. A break below the orange line could be very Bearish. However a move above the Blue dashed line could invalidate the H and S formation. A Descending Triangle is also evident ,which go either way.by paraujo0
Naspers - Daily Analysis - 06-JanYesterday’s highlighted resistance zone, which was also the prior day bearish fibonacci retracement area held, with sellers acting in accordance with Tencent’s weakness (Wednesday). The intraday selling pressure saw the price testing the bullish 50% fib zone which was followed by a 2000c rebound on an intraday basis, late in the session. Tencent is ‘flattish’ to up hence I am expecting the price to continue trading around the fib zone just below of around R2428-R2459. DAILY CHART. by LD_Perspectives0
Naspers - Daily Analysis - 05-JanExtract from this morning's research. Key levels available to clients. The short term falling wedge structure highlighted at the end of Dec-2021 has continued to the play out with strong gains for the first two days of the year. At current levels, the reward to risk on the buy/long side is less favorable with the share having entered the bearish Fibonacci retracement range as well as the swing highs of 24-26 November and 7, 8 and 13 December. China tech down sharply in the US last night while Tencent is also sharply lower in HK this morning. I’m expecting the share to find resistance here these levels. DAILY CHART. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives1
Naspers - Daily Analysis - 04-Jan*An extract from this morning's client research* TEXT: "Yesterday we saw the price trade strongly, continuing to push out of the larger falling wedge structure highlighted toward the end of last month. The upper end of the key resistance (R2514) was tested and breached on an intraday basis, with a high of R2528 followed by a close of R2511. Tencent’s lower, thus early session weakness wouldn’t be unexpected and could possibly be seen as a back-test of the falling wedge structure. DAILY CHART." Specific available levels on request. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today. by LD_Perspectives0
Naspers - Daily Analysis - 03-JanFriday’s trading action saw a rally into the bearish Fibonacci retracement level of R2476/R2491, with the zone acting as firm resistance on an intraday basis. The daily gain also saw the previously highlighted falling wedge (a bullish structure) starting to play out although being in the early stages of development. Tencent lower in HK this morning could see NPN being subdued in early trade, with the downside gap at 2460 possibly in focus. DAILY CHART. Full analysis (specifically key levels) available on request. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers Relative To JSE Top 40: 4 Year Cycle? Observation Only. This monthly chart highlights NPN vs the JSE Top 40 (although NPN does hold a sizeable weight in the J200). My question: Is the recent 4-year RELATIVE sideways performance similar to what we saw from 2004-2008? What's interesting is the 14-month RSI at multi-year lows, with a print of 34 - the same as the 34 print in March 2008 when NPN bottomed relative to the Top 40. *The JSE removed the equally-weighted Top 40 from this platform which I would have preferred to use as a comparison. Attached to this post is my previous view on NPN vs the equally Top 40 in May 2021 where I highlighted NPN potentially underperforming the market. At the time the share was R3000. Recent low = R2290. by LD_Perspectives0
Naspers - Daily Analysis - 30-DecWednesday’s (full) analysis provided two opportunities to generate cash flow. Firstly, a buy on the morning drop to support, followed by a print into resistance which was followed by a sell-off. The falling wedge structure highlighted yesterday also remains in place, with the price displaying strong action during the session. Pre-market JSE, Tencent in HK is unchanged thus I am expecting subdued trade in NPN, with possibly a consolidation near these 4-day highs. DAILY CHART. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN , I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR , SOL, MTN and AGL . In the offshore space, I focus on, but not limited to, the S&P 500 , Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR , EURUSD , DXY , USDJPY and AUDJPY among others in the FX arena. For today's complete analysis and key levels, get in touch today. by LD_Perspectives1
Naspers - Daily Analysis - 29/12"The share has continued to trade below the downward trend line in place since the 17-Nov peak of R2796. At the start of last week we saw the price rebounding off the 2-Std Deviation Bollinger Band support. Following Thursday’s gap close and test of the declining 20-day moving average, the price has developed two consecutive days of lower highs but with the long lower wicks suggesting potential buying interest. I’m expecting further consolidation with a slightly bearish bias however a break of the downward trend line could signal a change in medium term trend. DAILY CHART." Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN , I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR , SOL, MTN and AGL . In the offshore space, I focus on, but not limited to, the S&P 500 , Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR , EURUSD , DXY , USDJPY and AUDJPY among others in the FX arena. FOR TODAY'S COMPLETE ANALYSIS AND KEY LEVELS, GET IN TOUCH TODAY. by LD_Perspectives0