PROSUS UPDATE - Looking good still riding upOur trade idea on Prosus has been quite a hold, but well worth it... RSI is showing no signs of coming down. Cup and Handle is still very much in play and now we are just riding the uptrend. 7>21>200 Target R1,445.20 still Thoughts?Longby Timonrosso2
PROSUS PRX double bottom target 103.30€ (+44%)Prosus has activated a double bottom pattern that may lead the price to 103.30€ that is +44% from current price. Longby compoundinterest72
Prosus also long to R1,445.20 and correlates to Naspers ideaCup 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. Longby Timonrosso222
Prosus (PRX) Intermediate DeclinePrice action in Prosus shows it in intermediate phase of decline with a low targeting late November to mid-December. It presents an attractive short with price set to go below the pink inclining trendline. When price makes a swing low after hitting the trendline would be time to close shorts and go long. Risk: Price closing above the green trendline on a weekly basis would be the stop-loss. So it would make sense to add shorts if price is rejected at that point.Shortby runyamhereUpdated 0
PROSUS - Gap ClosedProsus has closed the gap from the 27th June whilst Naspers is got a bit to go. Price action will be key here to see if we get a bounce from these levels over the next few sessions or if we go back R800 by Trader-Dan2
Prosus gap filledJSE:PRX has closed its June gap, JSE:NPN is yet to fill its gap. PRX is trading below key MAs, if there's no bounce here, it might go test the recent low at R710.by Trend_Trader_JSE1
PRX, closing the gap?JSE:NPN & JSE:PRX traded above the 200 dMA mid-June, bringing a glimpse of hope. A decent move it was for Naspers (the move resulted in a profitable position, in a tough market, sibonga noma yini) but Prosus is now below the level and there's a gap that might be filled. Naspers is still above the MA, but for how long?by Trend_Trader_JSE1
PRX 33 day box, what gives?PRX has been trading in a tight consolidation box for the last 33 days. upper resistance at R1125 level lower support at R1035 level waiting for a breakout should provide a good RRby T2TWELL1
PROSUS - Update As posted in the previous post, the 50 day remains an important level for bulls to capture for a chance to turn this short term downtrend around. Looking for a possible second day close above 50 day -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan0
PROSUS - Testing 50 day moving average - Prosus is currently resting above its 50 day moving average - Bulls will want to hold it above R789 to have a chance of breaking through overhead resistance - Failure below will open a leg back into range -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan223
#Prosus - GAP CLOSED- Unbelievable timing by the Chinese authorities to approve first batch of gaming licenses shortly after PROSUS closes open downside gap. 😄 by Trader-Dan3
a reason to get out before stop hitif it doesnt hold that line its a legit reason to get out earlyLongby SuValley0
PROSUS - LongAs with JSE:NPN , JSE:PRX is also showing signs for a long position as per our momentum strategy. Longby RossLarter1
Prosus Europe Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby Sunstorminvest0
Prosus Dives DeeperTalk about scuba diving. That's what I'm observing here... A good swim under the sea(support). Prosus went below our predicted rejection level and headed towards the next support area at around 10000. Will be holding positions until we reach a reversal point at that level. If price dips further down that will be our signal to exit and enter again at a lower price. Hopefully recovering all our drawbacks. by Thapelo_Khubayi0
PROSUS (1D) - Waiting for DIPHello 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 sometjhing like impulsive waves 1-3 are alredy visible withtiny wave 2. So currently finished triangle could be wave 4. = Market is hesitating if the price is alredy good for Long. Hopefully there will be another leg down to green support zone. There could be our Low Risk / High Reward setup to enter LONG position. (For LONG term !!) short term it could dip deeper. ;) Patience folks. Trade safe. Longby SlavicChartistUpdated 2
BUY PROSUS AT BREAKOUTProsus has shown a strong price rejection at support level. We can place long positions as price breaks above 200 EMA and crosses our trendline(which at this setup is our resistance indicator). Longby Thapelo_Khubayi0
Prosus Staying Rangebound?Prosus - Short Term - We look to Buy at 68.11 (stop at 65.01) We look to buy dips. Trading within the Channel formation. Previous support located at 68.00. Previous resistance located at 80.00. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 77.39 and 80.50 Resistance: 80.00 / 90.00 / 100.00 Support: 68.00 / 65.00 / 60.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses. Longby Saxo4
PRX 6 month Bearish consolidationPRX is trading below all long term moving averages (250,150,50 EMA's) if this 180 day's consolidation breaks to the downside the target can take price to around R965 level.Shortby T2TWELL3
PRX.ASThis content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. Investment involves risk.Shortby FakkaNotG2
Prosus DailyLooking for a reaction of this level to test the areas it came from.Longby PonziCandleUpdated 1
PROSUS - Consolidation- Prosus has been consolidating since July after a solid leg down - Price action indicating this is possibly a good launch pad to target R1450 initially then a move to the (R1541-R1636) retracement zone - Failure at the lows will open a new leg down - -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.Longby Trader-Dan2
PROSUS (PRX) (D)Prosus is potentially working on an Inverted Head and Shoulder Formation. It will need to break above the Orange Line and the 200EMA , to potentially begin an upward trajectory.by paraujo0