Trader-Dan

Naspers - Top of channel rejection

Short
JSE:NPN   NASPERS LTD -N-
Following on from the previous post , we did in fact get a strong rejection off the top of the channel (major gap down) . Bulls stepped in at the channel low making a decent recovery back up to resistance. The daily candles warned of resistance again and today it seems the stock will come under pressure with R3180 a possible initial target .

link to previous post below---


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