Timonrosso

Prosus also long to R1,445.20 and correlates to Naspers idea

Long
JSE:PRX   PROSUS N.V.
Cup and Handle also has formed on Prosus with the Moving averages looking strong with 7>21>200
Target R1,445.20.
There is a strong correlation with Naspers which is showing almost identical charts.
The RSI has also broken above the Negative divergence and is in the upward momentum territory >50.
The only concern as I often mention are the gaps in the charts which shows high volatility and potential for Gaps close.
The bias however is bullish.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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