W Formation has formed recently on Tencent Holdings. And where the price broke above the Neckline is also where the price has broken it's downtrend for the first time since January 2023. This deems a very positive sign for buying and demand to push the price up. Nature of the trade analysis is High Probability Too. Price>20MA and Price>200MA Target...
We'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental...
Naspers has been consolidating in a +-20% range between the high and the low for 2023. Let's hope we get a Xmas rally to break the upper boundary limit and end the year on a high.
It's been a trying time for Naspers Media company. Since January 2023, up until October 2023. The price has moved in a sideways range and has failed to break either way. That was un 18 October 2023, where the price pierced through a solid neckline of an M Formation, Since then, it's entered into bear market territory along with the JSE ALSI 40. The signs...
JSE:PRX and JSE:NPN don't look healthy, on the charts. Both stocks have been weak for a while now. Prosus is on the verge of breaking below a potential support level, this opens a window for lower prices to be tested.
Naspers has been trading in a very sideways fashion over since the beginning of the year with support evident in the 2920-2980 area with resistance at 3400 - 3570 on the upside. Most likely with a nibble at the bottom of the range which looks to be holding for now
There is a super strong correlation with Naspers and Prosus. So yes, it would make sense to buy both. But with such a strong correlation one could just double on the investment on one of their trades to avoid extra costs? That's just me thinking out loud. Naspers and Prosus are closely correlated in price chart because of the relationship between the two...
W Formation formed after it's been in consolidation for a while now. The previous trend was up, so the conditions have lined up as a high probability trade. The price has broken above and looks to be heading up. 7>21>200 RSI >50 Target R1661.98 SMC Sell Side Liquidity Order Block just below the Second leg of the W Formation. This is where Smart Money has been...
Falling Wedge Formation is evident on the daily chart. The price is still consolidating around the apex. We need the price to break up and out of it to confirm upside to come. 7=21 Price >200 RSI>50 Target R4,000 ABOUT THE COMPANY 2023 Naspers was founded in 1915 as a newspaper publisher in South Africa. The company is headquartered in Cape Town, South...
Similar to our JSE:NPN trade, , the bullish engulfing that formed on JSE:PRX seems to be playing out nicely, and I wouldn't be surprised if it reached is target in the next few trading days.
We entered a long position on JSE:NPN on the 22 of March based off of the engulfing candle from the previous trading day. It is currently looking great and we are well on track to reaching the target at the 3550 level.
We had a confirmation break with Naspers Inv Cup and Handle. The price broke to the downside and now it shows strong falling to come. 7=21 price>200 - Reversal RSI <50 - Bearish Target R2,766.00 This coincides with the fall in JSE and other markets since the SVB collapse. I expect more Blue Chip stocks to tank until the world enters some type of equilibrium...
Break in Uptrend structure confirmed and we are no longer in an uptrend. We've been in a sideways range and now entering a bear market as of today. We now have a largeish Inv Cup and Handle with a few bearish signals. 21>7 - bearish price>200 - Bullish RSI <50 - Bearish lower highs Target R2,766.00 WARNING Even though we expect the price to drop, it's only...
Target hit at R1,446 recently from a larger Cup and Handle. And since then we had the price go up one more day before entering into a strong sideways range. During this time it formed an Inv Cup and Handle with a few bearish signals. 21>7 - bearish Price>200 - Bullish Target R1,1033 RSI<50 Bearish WARNING Even though we expect the price to drop, it's only...
W Formation from the last update with Multi Choice is looking good and on track. It broke above the neckline, and it's been swimming on up on a good inclination (45 degrees). Indicators are also looking positive. 7>21>200 Bullish RSI >50 >70 - Bullish Target R147.60 ABOUT THE COMPANY MultiChoice was founded in 1995 as a subsidiary of the South African...
After a fantastic long trade with Naspers, it's eventually broken below the Uptrend structure. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle). 7=21 price>200 - Reversal RSI <50 - Bearish Target R2,766.00 As always it is correlating with Tencent and Prosus... We saw a sluggish...
Since we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level. 7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around. The first target he set was to R1,445.20. WHich it hit last week. Now unfortunately, there is no other chart pattern that's formed but instead a bull...
JSE:NPN printed a new 52 week high. JSE:NPN has had a great run, if HKEX:700 continue to move up, it'll be good for Naspers.