The chart is an extract from my weekly report.
Prosus N.V (PRX, R1864.66) | Pivot Cleared | The share currently trades close to it's all time highs, having cleared the overhead resistance (R1765/1800) in place since July 2020. Over the same period, we note the price having made higher lows, which signifies buyers becoming more aggressive on each pullback. Traders/investors want to remain long as long as the R1765/1800 level is held. The accompanying chart timeframe is monthly which shows the Relative Strength Index with a 75 reading (very strong rank).
Prosus N.V (PRX, R1864.66) | Pivot Cleared | The share currently trades close to it's all time highs, having cleared the overhead resistance (R1765/1800) in place since July 2020. Over the same period, we note the price having made higher lows, which signifies buyers becoming more aggressive on each pullback. Traders/investors want to remain long as long as the R1765/1800 level is held. The accompanying chart timeframe is monthly which shows the Relative Strength Index with a 75 reading (very strong rank).