Description
⋅ Looking at NASPERS, we may derive the following from the Daily chart:
1. Price is at the 61.8 retracement level.
2. The candles over the past two days were both bearish, despite having entered back into the daily trend.
3. We are at a backtest of the daily trend - since this is retracement wave.
4. Should we come back down, then the target is the weekly zone (for now).
4. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.