UPDATE: Naspers in the money - Short Target R2,766
83
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 and solace.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.