Inverted Head & Shoulders on ProsusJSE:PRX has formed an inverted head and shoulders pattern. With a break of the neckline we could see a move to the target at around the 160000 resistance level.Longby RossLarter2
$PRX Prosus Looking like a buy opportunityBacked by a good set of results Prosus looks like it could break from this inversed head and shoulders formation with a target of around 1600. Longby KoosKanmar2
PRX: more downside potential?Downside price momentum supports a bearish trend. RSI leaves enough room for further such downside. A price action below 127700 supports a bearish trend. ADX suggests a strong bearish trend gaining strength. MACD bearish crossover applicable.Shortby Peet_Serfontein1
Watching RectangleRectangle not yet activated. Needs to break 80$ resistante. If you trust in charting and rectangles, current stop is 65.90$ zone.Longby javigu0
Prosus NV - PT € 140RSI indicator are showing that Prosus NV is oversold. For educational purposes only.Longby BlueDimeInvestment2
JSE:PRX Prosus Remains WeekFollowing Naspers we have seen a bounce yesterday but this should not be seen as a recovery. It could cause some sideways action but there is still some down site to come. Shortby SteynTrade2
Prosus & NaspersReferring only to my tactical data/trading commentary as at Friday's close, both PRX and NPN were the only the names suggesting: "Reward-to-risk becoming attractive for a small long position". Here you can possibly add the phrase: "Phase In". As we noted for both PRX & NPN last week (see related), the price could attempt stabilize, with one or two days of weakness before attempt a rebound. With the help of a weaker ZAR and possibly sight of the prospectus (see SENS), both names are higher between 1.45% and 2.11% so far today. by LD_Perspectives3
PRXAn extract from today's Active Trading Plan. - No doubt that the the price action in PRX and NPN has been terrible, with continuous selling. - Yesterday we saw a gap at the open and continuous selling pressure into the close. - Extracting the daily tactical data, the reading suggests: “becoming attractive for small long position”, but would look to add: “phase in”. - For tactical and ultra short term traders, if you want to be long, the following applies: - If the share opens lower but reclaims Monday’s low, then it will be a signal that the share is attempting to stabilize. - Please note, it must reclaim the prior day’s low (R1304) to trigger. Similar to yesterday's comment on NPN.by LD_Perspectives4
PRX 1 WEEKhead shoulders+ divergence (price-momentum)+golden cross with important volume + cross momentum =95%sell signal please like and comment if you find my chart interestingLongby MaDasurfer555
JSE:PRX Prosus Going SouthAs expected Prosus keeps following Naspers down - see posts below. However, Prosus is weaker than Naspers and has already broken the yearly pivot point and the recent redistribution remained below this. Again the high volume selling is seen indicating some urgency to dump the stock. Today we see the breakout of the recent redistribution trading range and this week could see more panic selling.Shortby SteynTrade2
PRX Daily chart bear flag in playPRX remains in a bear trend and now trying to complete a bear flag pattern rewards to risk 2:1Shortby T2TWELL0
ProsusNice move on PRX ever since I 1st identified the break of incline support 3 weeks ago. Interesting that we now have a 'death cross'; which may suggest further downside.Shortby Innocentmaponde4
Prosus - Stop-Loss TestedUpdate: I was wrong on this idea. SL of 1490 has been tested. by LD_Perspectives1
ProsusPRX has been on a solid downward trend since it's most recent peak on 19 February. In a prior manual analysis, I mentioned that the 1805/1815 area would be a distribution zone. We overshot this area slightly before moving lower to now trade at multi-month lows. Yesterday we may have had a 'flush-out' candle while today we are trying to reclaim the lows. At R1523, the share appears oversold and may be worth a buy for a bounce back to the R1600 - R1615 level. Stop: R1490. Longby LD_Perspectives114
ProsusPrice now under 50 and 200 moving average; and today we closed below trendline support. Could that be suggesting more downside?Shortby Innocentmaponde1
JSE:PRX Prosus Failing at the 200smaAs previously discussed - see posts below - Prosus is still following Naspers lower. A failure at the 200sma is indicating significant weakness. Shortby SteynTrade4
JSE:PRX Prosus Still Tracking NaspersAs previously indicated Prosus - see links below - is following Naspers down and gaining momentum in Phase D of a Wyckoff analysis. Shortby SteynTrade111
Long term buy setupI believe prx will fall a little and continue on an uptrend Longby UnknownUnicorn137039721