Take Profit.......BUT.....We got our targeted profit but it turned out to be more than just retracement and hence we left money on the table. . . by taftrader6
Bullish retracement?!After and almost parabolic drop since 25 November we are seeing the 1st signs of recovery,or rather retracement. Yesterday's engulfing candle indicated that bearish momentum has temporarily stopped. All things being equal we should see a retracement to the 212000 zone. Entry: 204122 SL: 199561 ( Slightly below the lowest point) TP: 211990 ( Slightly below the upper price magnet)Longby taftraderUpdated 7
NPN - Bullish EngulfingJSE:NPN has a bullish engulfing candle at a support level which could indicate a turn upwards. The stochastic is also confirming so we could be looking at a long position.Longby RossLarter8
Nasper Monthly Chart Equities | Naspers (Monthly): Once again taking a look at the monthly chart, it’s important to be reminded of the long term chart setup. The trend line support going back to the lows of 2003 has been breached with the price developing a double top formation.Shortby LD_Perspectives6
Naspers Bear Flag Technical Formation Equities | Naspers (Daily): We identify a ‘death cross’ on the share – this is where the 50-day MA crosses below the 200-day moving average. Also, a technical bear ‘flag’ has triggered, suggesting further weakness for the counter.by LD_Perspectives6
NASPERSLooking to buy NPN based on the demand zone and also the double bottoms patternLongby TheGreatestMarketAnalyst3
Top5 oversold/overbought according to RSI & NaspersTop 5 Oversold & Overbought currently according to their 14-day RSI’s: Oversold: Ascendis Health 24 Prosus 28 Telkom 29 Sun International 30 Nampak 32 Overbought: Capitec Bank 74 Momentum Metropolitan 74 MediClinic 73 Stor-Age Property 72 Aspen 71 This week I want to spend some time on Naspers, as data on Prosus is still a bit thin. Both the companies find itself heavily oversold according to it’s 14-day RSI’s. In Naspers’s case, price went below 30’s RSI, three times before since 30 October 2018. If history was anything to go by, this would generally be the time to buy Naspers (or Prosus). After the Prosus unbundling announcement was made in March this, first Naspers and then Naspers and Prosus (added) together initially outperformed Tencent (all entities in USD). We however saw a reversal of this movement over the past few weeks, with Tencent now moving ahead of the Prosus/Naspers combined pricing. This indicate that there might again be an opportunity for value seekers to buy into the bigger discount to SOTP. We’ve also seen that Naspers has developed a strong support level round the R2050 levels, which was tested 3 times before since March this year. Should this support level again holdup, could see the price test R2200 soon, with a break and close above these levels, most probably testing the 50- and 200-day moving averages at R2260. Should we break this level, will move my target on Naspers to R2380. I am however EXTREMELY worried about the Death Cross developing in the 50- and 200-day moving averages, with a cross most probably seeing us test the R2050, with a break and close below this level, putting the R2000 mark in big danger. We saw how easily Prosus went through the R1000 mark this week. My recommendation for short-term traders, is to wait before trying to go long (buy). The trend is currently not Naspers’s friend and will a personally wait for a confirmation of trend reversal, before I put some skin in the game. by SchalkLouw7
NPN: temporary correction unfolding?Increased bullish technical reading over the last couple of days. Came close testing its lower 2 standard deviation range - highlighting an overextended price action to the downside. Retracting from RSI oversold territory. Might be risky scenario with credit ratings.Longby Peet_Serfontein8
NASPERS looking like a possible reversalJSE:NPN is looking promising for a possible upward reversal. The stochastic is currently turning up and it is trading at quite a strong support level which it isn't breaking through. I will wait for confirmation to enter.Longby RossLarter9
Naspers Key Resistance LevelThe Resistance level of 255942 has lined up with 2 previous resistance levels as before shown by the red arrows drawn. I think a break above this level would signal we headed for new highs, if we reach this level and fail to break above i think we might see a retest at the bottom of the upward moving channel.Longby Raees_214
Naspers bullish updateInverted H&S still in play on the daily timeframe. Channel updated following yesterday's invalidation of previous channel. Parabolic SAR and moving average still supportive of a further upward move. ADX to confirm. Could see a retrace back to 3400 level before upward move.Longby sebastianp4
Naspers looking short term bullishNaspers trading in an updward channel heading towards the top of an inverted triangle. ADX, sequential SAR supportive of a bullish move.Longby sebastianpUpdated 7
Naspers 4hr chart Bullish channel base restestingNaspers in a bullish 4hr rising channel. good risk entries are offered here at the R3510 base for a potential move back up to around the R3685 area. R:R 1:3Longby T2TWELLUpdated 7
Top momentum shares: 5 September 2019The strength of the recent price trends is supporting these shares. Calculated over multiple time frames (daily, weekly and monthly). Price momentum is the force behind these share prices that will assist them most likely to continue with the upward price trajectory. Momentum traders bet that the price of these shares is moving strongly upward and will continue to move in that direction until the trend loses strength.Longby Peet_Serfontein6
Naspers longA break-out above the inverted head shoulder neck line by year end, could see NPN reach new ATH in the early part of 2020.Longby sebastianp6
$JSENPN Naspers. Bull flag in the makingA break will open 3640 & 3790 targets. Wait for the break.Longby KoosKanmar10
NPN Triangle BreakoutJSE:NPN has broken out of an ascending triangle and looks good for a small upward move.Longby RossLarterUpdated 5
Naspers possible reversalJSE:NPN has broken through an ascending support level with a bearish engulfing candle. Looks like a downward move will happen if it is confirmed by today's price action.Shortby RossLarter5
NPN ShortJSE:NPN has formed a bearish harami and has broken through an ascending support level. I will enter this short if it breaches the fractal that formed on the candle of the 13th of June.Shortby RossLarter5
Naspers long on Trend Following Momentum StrategyJSE:NPN has triggered a long position on our trend-following momentum strategy. Be cautious with this one, as it has been going up for quite a while and might be due for a retracement soon.Longby RossLarterUpdated 2