KoosKanmar

$JSENPN Naspers Some support coming up

Short
JSE:NPN   NASPERS LTD -N-
Weekly chart of Naspers indicates that the 2800 level was an important level and a break of that level means that support could only come up at around the 2000 - 2080 levels. The massive volume that traded over the last week on weakness is also not a very bullish signal, indicating that some institutional money is move away from this one. Chinese regulators are doing shareholder no favours with tech giants like Tencent in the firing line.

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