Triangle Breakout on Naspers Long

NASPERS LTD -N-JSE

Description

⋅ Nov 17, 2021 9:01 AM

Along with the momentum indicators showing potential of an upward move, with yesterday's price action, JSE:NPN broke out of a triangle pattern that formed over the last while. I think we can see a move towards the 300000 resistance level.

Trade closed: stop reached

⋅ Dec 1, 2021 8:56 AM

Comments

osnijder

⋅ Nov 23, 2021 1:53 PM

Still long ?

RossLarter

⋅ Nov 23, 2021 2:15 PM

@osnijder, If it breaks through the bottom of the triangle, probably not.