NASPERS (NPN) (D)Naspers potentially needs to break above the Pink Trendline and the 200EMA , to begin an upward trajectory.by paraujoUpdated 110
Naspers | Daily Analysis | 17-DecTrader Type: Intraday/Active Tencent (HK): -2.87% (08:32am SA Time) Chinese Tech ETFs (US Market). Wednesday & Thursday, 15 & 16 Dec. KWEB: -4.41% CQQQ: -1.62% Chart Time Frame: 1-Hour Last: 246999c Value Traded: R3.2bn Volume Traded: 1m shares How I'm Seeing It: The 2478 support level flagged on Wednesday morning held twice in the session, providing a double long opportunity on an intraday basis, both for around R30 each on the long side. With Tencent below lower by a cumulative 3.62% over the two-day period (thus far), it's likely that NPN loses the R2457 support zone, with the possibility of testing R2434 as well as the previous support zone of R2411. On the upside, 2493 to R2505 could act as a resistance zone. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers | Daily Analysis | 15-DecTrader Type: Intraday/Active Tencent (HK): -0.04% (08:21am SA Time) Chinese Tech ETFs (US Market). Tuesday, 14-Dec. KWEB: -0.84% CQQQ: -1.15% Chart Time Frame: 1-Hour Last: 250460c How I'm Seeing It: Yesterday morning the share spent the first 10-min trading slightly below out support range of R2468-R2477 before consolidating in that range for the rest of the hour. Following that we saw a R50 rebound to an intraday high of R2518. With the Tencent unchanged in HK, I'm expecting subdued price action, although the JSE futures close out could have an effect on prices. Levels: We could see R2578-R2488 act as a support area while R2529-2534 is a likely resistance zone.by LD_Perspectives2
Naspers | Daily Analysis | 14-DecTrader Type: Intraday/Ultra Short Term Tencent (HK): -1.11% (07:53am SA Time) Chinese Tech ETFs (US Market). Monday, 13-Dec. KWEB: -3.22% CQQQ: -1.69% Yesterday's Value and Volume: Value Traded: +R1.7bn Volume: 678k shares Chart Time Frame: 1-Hour Last: 251367c How I'm Seeing It: If you followed this note yesterday, there were opportunities to make money in both directions, firstly on the short side when then share hit our resistance area of R2553 and subsequently declined R62 to our support of R2491 in the afternoon. Following this we saw a R22 rebound into the close as the share settled at R2513. Asian equities are negative and Tencent is -1.07% thus risk-off sentiment should likely dominate in early trade. Levels: We could see R2500 being lost as a support area with the downside target range of 2468 to 2477. Resistance: R2528 to R2540. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today. by LD_Perspectives1
Naspers | Daily Analysis | 13-DecThis analysis forms part of a larger research report. Trader Type: Intraday/Active Tencent (HK): +2.50% (07:23am SA Time) Chinese Tech ETFs (US Market). Thursday, 10-Dec. KWEB: +1.19% CQQQ: +0.12% Yesterday's Value and Volume: Value Traded: +R1.2bn Volume: 516k shares Chart Time Frame: 1-Hour Last: 251955c How I'm Seeing It: On Friday, the share hit my provisional support zone of 2466 (actual low of day was slightly lower at 2456) from which we saw a R69 rebound from that level to a high of R2525 (this also being my intraday distribution zone). Did you manage to trade it? With Tencent higher by 2.50% in HK this morning (7.22am SA Time), a rebound looks likely. Provisional Resistance: R2547-2553. Provisional Support: R2491-2500. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers | Daily Analysis | 10-DecTrader Type: Intraday/Active Tencent (HK): -0.47% (05:50am SA Time) Chinese Tech ETFs (US Market). Thursday, 09-Dec. KWEB: -1.45% CQQQ: -0.11% Yesterday's Value and Volume: Value Traded: +R1.2bn Volume: 516k shares Chart Time Frame: 1-Hour How I'm Seeing It: Pre-market yesterday, the R2547 level was the bottom of our provisional resistance range. This then turned out to be the morning high from which we saw the share being sold throughout the session with a slump all the way down to R2467 in the afternoon. What you'll notice is that the share closed the 06-Dec gap before rallying to close at R2499. A weaker ZAR may be a catalyst for support however Tencent is currently lower by 0.47% which will weigh on the name, although not by a great deal I suspect. In terms of resistance, R2520-R2526 is provisional distribution zone while the R2473 down to the R2466 level is a possible (provisional) support range. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers | Daily Analysis | 09-DecTrader Type: Intraday/Active Tencent (HK): +1.16% (07:26am SA Time) Chinese Tech ETFs (US Market). Wednesday, 08-Dec. KWEB: +0.28% CQQQ: +1.21% Yesterday's Value and Volume: Value Traded: +R1.4bn Volume: 580k shares Chart Time Frame: 1-Hour How I'm Seeing It: On Wednesday, my envisioned resistance zone of R2577 held, with sellers stepping up early in the session to protect level from get-go as the prior session momentum was lost amid a strong ZAR. Attempts to push into resistance we made however buyers failed to maintain their aggression as the share faded into the afternoon, hitting our support range of our R2500/R2520 before closing at R2526. Which levels are important today? With Tencent moderately higher and the ZAR the stronger end of it's recent range, I'm expecting subdued price action in the counter with R2547/R2558 being a congestion area while R2500 down to R2491 is a likely (provisional) support zone. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers | Daily Analysis | 08-DecTrader Type: Intraday/Ultra short term Tencent (HK): +0.65% (06:39am SA Time) Chinese Tech ETFs (US Market). Tuesday, 07-Dec. KWEB: +4.37% CQQQ: +2.24% Yesterday's Value and Volume: Value Traded: +R1.82bn Volume: 713k shares Chart Time Frame: 1-Hour How I'm Seeing It: Yesterday we saw both intraday targets being hit before the share faded into the afternoon, giving up some of it's intraday gains. Safe to say the share, along with PRX was used as a funding trade for a midday rotation into resource shares and SA financials/banks although the last 3 hours reflected moderate buying evidenced by the long lower candle wicks. With Tencent higher by only 0.65%, we may not see similar aggressive buying as we did yesterday. As expected, the R2566 zone acted as a resistance level (HOD 2580) which is in line with the hourly 200-SMA. Support levels of R2520 and R2500 will be key while R2560 to R2575 could be a level where sellers could again step up and show their hand. Unlike yesterday, I have less conviction on direction at the open, so it's best to use the aforementioned resistance levels as a guide. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today. by LD_Perspectives0
Naspers: Intraday Targets 1 & 2 HitNaspers: Intraday Targets 1 & 2 Hit R2520 and 2566. Currently fading from 2nd target zone (possibly consolidating). For more real-time insights and trade ideas, get in touch today. Original comments (pre-market) has been attached. by LD_Perspectives111
Naspers | Daily Analysis | 07-DecTrader Type: Short Term/Active Tencent (HK): +1.92% (07:15am SA Time) Chinese Tech ETFs (US Market). Monday, 06-Dec. KWEB: +3.91% CQQQ: +2.22% Yesterday's Value and Volume: Value Traded: +R1.93bn Volume: 786k shares Chart Time Frame: 30-Minutes How I'm Seeing It: Yesterday's the share advanced by R70 off our provisional pre-market buy range of R2410-2417. Low of day = 2410 to a high of R2480 before retracing an closing at R2461. Chinese tech stocks rebounded strongly in the US last night and with Tencent higher by +1.92% in HK, we could see the strength in NPN continue. Intraday, the R2500 level is the most visible 'next' technical resistance zone however a print above this psychological level sets up potential for a move above R2520 and as high as R2566 (recent swing highs and near the 1-hour 200-day SMA). Notice how the price retraced toward the 0.618% Fibonacci (R2442) level late yesterday afternoon before rebounding again into the close? Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
NPN - R48 Bounce Off Exact Low Of RangeNPN - Current higher by R48 off the buy zone 2410-2417 (LOD 2410). Intraday, would be trimming around here. Morning analysis attached. Next update: Tomorrow morning pre-market, 07-Dec For morning real-time insights and trade ideas, get in touch today. by LD_Perspectives1
Naspers | Daily Analysis | 06-Dec Trader Type: Short Term/Active Tencent (HK): -2.68% (07:16am SA Time) Chinese Tech ETFs (US Market). Friday, 03-Dec. KWEB: -6.96% CQQQ: -3.73% Friday's Value and Volume: Value Traded: +R1.37bn Volume: 557k shares Chart Time Frame: 30-Minutes How I'm Seeing It: On Friday, the share traded at the lower boundary of our buy zone of 2423/2438 before rallying R60 intraday to test an intraday high of R2497. You'll recall the R2497 level also being the prior resistance/distribution zone which held through Wednesday and Thursday's session. Late into Friday's session we also suggested trimming the share (intraday traders) from which we then saw the share price decline R34 in the last 30-min of trading. Last close at R2547, which is also the prior support. As highlighted above, Chinese tech stocks were sold off significantly in the US on Friday and this morning we note Tencent being lower by 2.68%. It's possible that the past week's swing lows near R2410 to 2417 is tested. As the session progresses (real-time), I'll be monitoring if this level is tested and holds, which may provide an opportunity to 'play' a rebound. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers: Up R50 From The Day's LowsAs per thus morning's comment (see attached), our "opportunistic buy zone" = R2423 to R2438. Nice bounce into R2480 here. Most likely a level to trim (intraday). Next update on Monday morning. For more real-time insights and trade ideas, get in touch today. Congrats if you managed to pick up some. Enjoy your weekend and chat soon. by LD_Perspectives110
Naspers | Daily Analysis | 03-Dec If you're actively trading Naspers, these are the key levels. Tencent (HK): -2.66% (07:48am SA Time) Chinese Tech ETFs (US Market): KWEB: -1.31% CQQQ: -0.88% Yesterday's Value and Volume: Value Traded: +R1.5bn Volume: 698k shares Chart Time Frame: 30-Minutes How I'm Seeing It: The R2497 resistance level highlighted on Tuesday and Wednesday, held during the early part of Thursday's session, acting as an intraday distribution/selling zone and which was followed by a downward trend to test a low of R2445 for the session. From yesterday's intraday high, the price developed a falling channel which is considered a bullish structure however, with Tencent currently being lower by over 2.6% in HK, the risk here is that yesterday's low is once again tested and possibly breached. The 2423 to 2438 remains an "opportunistic" intraday buy zone. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Naspers | Daily Analysis | 02-Dec If you're actively trading Naspers, these are the key levels. Tencent (HK): +0.04% (06:05am SA Time) Chinese Tech ETFs (US Market): KWEB: -1.50% CQQQ: -1.81% Yesterday's Value and Volume: Value Traded: R1.56bn Volume: 630k shares Chart Time Frame: 30-Minutes How I'm Seeing It: Yesterday, the R2457 level turned into support early in the session from which we saw a rally. The R2497 resistance level we mentioned yesterday morning then acted as a selling area throughout the session. If you're a day trader/scalper and shorted R2493-R2497, I think you would have generated cash flow throughout the session. The share closed at R2469, off the highs of the day and below the range established from around 11am. Chinese tech stocks were weaker in the US last night while this morning, Tencent finds itself fluctuation between gains and losses. Considering this, a pullback early in the session is possible, with the R2434 down to R2420 range not being out of the question. With US market weakness quite clear and Asia trading in mixed territory, it's hard to talk about resistance levels being cleared however for those who are interested, if R2497 is breached combined with strong bids (and strong candle structure) at this range, then R2520 becomes our next target (and next resistance/distribution zone). Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and Euro Stoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.by LD_Perspectives0
Short-Term "Positive Divergence" Creeping in.Having a look at the 30 Min short-term chart, it's encouraging to see some Positive Price Divergence. That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price. My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level. While it may not be a straight shot up to the VWAP, I'd be happy to hold the shares at these levels, with less fear of a "Bearish Trend" continuation. Shares can always take a sudden down-turn, so be cautious of any retracement below the 31.29 RSI Level. by Mike1North221
Triangle Breakout on NaspersAlong 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.Longby RossLarterUpdated 226
Naspers | Daily Analysis | 01-Dec Tencent (HK): +2.18% (06:10am SA Time) Chinese Tech ETFs in the US overnight: KWEB: -1.94% CQQQ: +0.38% Chart Time Frame: 30-Minutes How I'm Seeing It: As mentioned yesterday (pre-market), Friday's low would be a key support that would have to hold should bulls attempt to take control intraday. This level was R2434 where the share traded and hovered around from 11am and from which we saw a rebound into the afternoon. Did you notice how the price also traded into R2457 where we saw an attempt to break above, with resistance eventually holding and capping a further advance. With markets in the US seeing further weakness overnight, a test of Tuesday's lows is not out of the question - that's around R2423 down to R2411. On the upside, ~R2473 up to R2485 could be a strong resistance level and possibly one to short/sell into however, considering Tencent is higher in HK, we could see the R2473 level being cleared, with bulls targeting R2497 (the next resistance zone). Disclaimer: The above analysis should not be construed as a trading or investment recommendation. Disclosure: No position. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today. by LD_Perspectives0
Naspers - Daily Analysis - 30/11Tencent (HK): Currently -2.25% (8am, SA Time) Chart Time Frame: 30-Min With Tencent lower by 2.25% in HK, NPN risks early-session weakness, with a print at or close to Friday's lows at R2434 a possibility (i.e. R26 below the last close of R2461). A breach and close below this level also sees the horizontal support that has been in place since 23-Sept being breached, opening up R2398 and R2312 (Aug-Sept support zone). For intraday traders who are looking for possible longs, we would like to see Friday's low being reclaimed (it may trade below and THEN attempt a reclaim). Alternatively, Monday's support of R2457 could turn into an intraday resistance/supply zone. Disclaimer: The above analysis should not be construed as a trading or investment recommendation. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. For more insights and real-time ideas, get in touch today. by LD_Perspectives111
NaspersNaspers price action not convincing of late. Bear flag developing on the weekly, Should it be confirmed, we may be in for a R700 downside!Shortby Innocentmaponde221
NPN: more upside potential?A break through resistance might support further upside price potential. RSI confirms such. Above 256500 supports a bullish trend. MACD regained some strength. Remains a risky trade.Longby Peet_Serfontein3
naspersNaspers 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 bullish MACD @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions Longby MiWealth1
NASPERS 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 bullish MACD @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions Longby MiWealth1