*An extract from this morning's research published to our client platform*. For more insights and real-time ideas, get in touch today.
"The falling wedge technical structure and subsequent back-test may have been a textbook development with the share rebounding strongly during Tuesday’s trading session. China tech strong in the US last night (see side-bar). Expecting further follow-through today with Tencent higher in HK this morning. DAILY CHART."
Disclaimer: The above analysis should not be considered as a trading or investment recommendation.
Disclosure: No position held.
In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena.
"The falling wedge technical structure and subsequent back-test may have been a textbook development with the share rebounding strongly during Tuesday’s trading session. China tech strong in the US last night (see side-bar). Expecting further follow-through today with Tencent higher in HK this morning. DAILY CHART."
Disclaimer: The above analysis should not be considered as a trading or investment recommendation.
Disclosure: No position held.
In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena.