Hello Traders, Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ... For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ? CHart should show it all. We can see...
JSE:NPN just clocked a new 52 week low. Not an achievement I would like to celebrate. Potential support level near R2070. Nothing is too big to fail. Stick to sound risk management. Don't have a position here.
Along with the momentum indicators showing potential of an upward move, with yesterday's price action, JSE:NPN broke out of a triangle pattern that formed over the last while. I think we can see a move towards the 300000 resistance level.
Naspers took a beating with the Chinese crackdown on tech companies, Overall we expect a big rally in the Chinese stock markets soon. and that will boost Tencent and Naspers We have very clear bullish structures on this chart and price made a double top @ 3870 with the neckline @ 3380 , I expect price to go back up to retest the neckline. On the Daily we have a...
With the crack down on China E- Commerce Naspers has taken a beating, this could be a good time to buy Top 40 index, Price made a double top and expect price to go test the neckline @3380, Overall this market is very bullish trading inside ascending channel, @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we...
JSE:NPN has formed what could turn into a double bottom pattern. It formed a bottom on the 23rd of August and then again on the 15th of September. If it breaks through the high formed on the 7th of September, the pattern will be confirmed and then I think we could see a move up towards the resistance level at around 300000. A long with the current move, it is...
JSE:NPN is showing good signs of upward momentum based on the stochastic, MACD and EMA's. It is also trading in a downward channel at the moment, so I would think that it has potential to make a quick move up to the top of the channel, but if it breaks through, I think we could see it go all the way to the resistance level at around 320000
- Following the previous post in the link below , price is back at another "key" level - Down sloping 50 day moving average - Down Trendline - Below the 200 day moving average We could flag here to reset for the next push up or fade back down to earlier support zone. Im still bullish on the long term but am cautiously watching each level of resistance --...
This chart needs no comment but clearly a great level for investors looking to fill their boots if we can hold onto the longer term TL + 200 week ma. Tencent doesn't often get oversold under 30 - in fact, it has only been this oversold twice since 2005.
Update on the buy speculation on naspers. Fundamental view was documented in previous idea. Market is in a correctional phase and will soon resume moving higher about R400000 p/s
Bear move is losing volatility (20 ATR at lows) Selling momentum is decreased (20 Stoch) At 200 MA support level At the bottom of a bull flag pattern Risk is that bull flag is extended a bit lower than ideal and support being properly tested
Looking at long opportunities on NPN with the market having corrected to retest the breakout from the previous monthly high. Market is poised to move higher to break previous monthly highs. Prosus NV and Tencent Holdings Ltd. are investing in European online-trading group BUX, giving the internet giants a greater foothold in the fast-growing sector. The Dutch...
Naspers has been under pressure - see posts below - and is still pushing lower. A significant bar lower and failure at the 50sma could indicate another step-down.
The poster child of the South African stock market over the last several years has undoubtedly been Naspers, with its largest holding in Tencent. I’ve tried to come to grips with the company and its individual parts which will take a bit more time, however, several things become apparent in the information at hand. Naspers has been able to grow its revenue at a...
South Africa is one Emerging Market economy poised for success given the recent dollar weakness. Today's retail sales data, +2.6% YoY vs 0.4% last month proves sequential acceleration in the macro data. Moreover, the noise around Eskom and SAA has been going on for years now and is merely noise. The only cause for concern would be a further downgrading of the...
JSE:NPN has broken out of the bottom of a triangle pattern, moving in a downward direction. Along with this, it has been trading within a parallel channel since mid-July and it has bounced off the top of the channel which could serve as confirmation for a short position. If it continues with this downward momentum, I will enter short with a target at the bottom...
Following the Elliott wave retrograde analysis, we see a significant head and shoulders with a high bearish momentum; the defining price range for the next rally is entirely based around the 0.618 Fibonacci retracement levels. Good luck and follow me for more!
With uncertainly about WeChat being banned in the US as well as the TikTok situation, Huawei etc and other Chinese companies' status on US stock exchanges uncertain, could temporally affect Naspers, as can be seen in the multiple tops and gaps created lately. When and if it breaks the diagonal trendline, there are 2 support zones below. Could be a volitile move...