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Naspers upward Momentum

Long
NASPERS LTD -N- (JSE:NPN)  
RossLarter  
JSE:NPN   NASPERS LTD -N-
Trend Analysis jse ALSI ZAR southafrica naspers
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trendanalysis jse alsi zar southafrica naspers
NPN is showing good signs of upward momentum based on the stochastic, MACD and EMA's. It is also trading in a downward channel at the moment, so I would think that it has potential to make a quick move up to the top of the channel, but if it breaks through, I think we could see it go all the way to the resistance level at around 320000
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