NPN Daily Range Contraction leads to BreakdownNPN has had a good run and is due for a correction.Shortby saleem061
NASPERS - ShortPrice turned lower on three occasions at lower values showing selling pressure. RSI readings moved lower in similar fashion as price confirming selling pressure Short trade summary made on Daily chart Shortby LifesongUpdated 2210
NaspersWe have seen triangle breakout to our target area. however i am very alert at these key level 353200, I think the stock is way overvaluedLongby Asanda_The_Technical_Analyst6
H&S forming on NaspersJSE:NPN is currently forming a small head and shoulders pattern on the 1D chart. If it continues downwards and confirms the break through the necklinr, we could be looking at a target around the 224000 level.Shortby RossLarter5
Naspers Bear flag?It looks like Napers is currently trading in a bear flag after falling 9% from recent highs of 327770 to 298000. The past week the 50 MA served as support for a tired looking Naspers - the 20 MA crossing down the 30 MA. On Friday, it closed just above the 20 MA. One to look at this coming week. Should it break below 50 MA, it might see 268108 and thereafter 234700. Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.Shortby StarChaser745
Naspers - Possible downward move coming up.JSE:NPN has been trending upward since mid-March and with today's opening, it finally broke below the trendline that has formed. Although unconfirmed as of yet, this could mean a move to the downside. I'll be keeping an eye on what happens here next week for a possible short position.Shortby RossLarter6
NASPERS - Uptrend running out of steam (Observation)- Stock has moved up powerfully off the 18th of March low taking out the recent high of February. - A bearish engulfing candle that has formed which indicates the the bears have now managed to get the upperhand so the area will likely form a resistance level. (Tencent is also down this morning in th Asian session) - The question is how much of a pull back will be possible here before the buyers step in. (Perhaps 20ma) - Any short will be scalps as the chart still looks bullish and fundamentals are good. The pullback could give an opportunity to enter long again! -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:NPN by Trader-Dan9
Elliott wave retrogradeElliott triangle+correctional waves will see NASPERS deem a double top invalid as the bull market continues. Fibonacci is used to identify an all-time high. Good luck and follow me for more!Longby UnknownUnicorn45655727
Bulls eye!Naspers closed chapter for now. Now il wait for the bullish recovery trade. . . that's for April:) TP1-3.25R TP2-4.08R Those good RRs are compensating my losing trades i.e WTI,Nat gas et all. . . . w'l see how we close the month. by taftrader7
NASPERS - H/S pattern- Price bounced off the 200ma is currently retestesting the neckline of a head & shoulders pattern - Target is R2030 - SL above R2535 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Shortby Trader-DanUpdated 8
Take half off the table!So we opened two equal shorts on Naspers and one hit the target making a good RR of 3.25. We have since exited this one position in profit. The remainder is still on and is in profit now but we have added new zone of interest which is the blue zone. If we get a strong reversal signal here we will exit and if not then we let it go according to plan.Shortby taftrader3
$JSENPN $JSEPRX Its raining Head & Shoulders in Naspers & ProsusWe are developing a scary head and shoulders top formation in both Naspers and Prosus. Should we convincingly break below the necklines of the respective charts at approximately R2376 and R1050 respectively, we have downside targets some 18.6% and 13.6% away from current levels on Naspers and Prosus. (Price targets if H&S formation plays out, NPN : R2014, PRX: R927) Shortby MarcoOlevano9
Head & Shoulders on NaspersJSE:NPN has formed a head and shoulders pattern and we could be looking at a nice downward move if it continues downward through the neckline.Shortby RossLarter7
NPN SHORT - After retest of prior support / Right shoulder- Sharp drop from 50 EMA , expect re-test this week +. - 20/ 50 both down ward sloping, suggests better selling at back test area, suggest waiting for confluence of tape. -Target - first target would be near R2300 , with bigger picture back to R2075 JSE:NPNShortby DylanBradfield4
Tumultous March for Naspers!!Since November 2017 Naspers just can not close above 247900 on the monthly. Someone is defending that area and we tried again to go through that zone in February and again we couldn't close above.In fact February's close almost ticks all the boxes for dark cloud cover and that is good confluence for my bearish outlook. So March will likely be the start of a bearish run. My ultimate target is around 200000 area,just slightly above that...the interim target being around 220000. The entry here will be on the daily. Il wait for pullback into my yellow zone and get my trades in as per attached chart.I might change the actual entries and stop losses depending on how it trades out.Shortby taftrader3
NASPERSOn the Monthly chart for Naspers, here is what I see, we had a bullish reversal pinbar which shows that buyers did take the market up to the 278447 level on 2017 but for the past two years it hasnt been able to get back to that level, meaning the sellers were also trying to gain momentum in that period. Now my prediction is that the buyers are going to be still a little dominant but its for a short period, maybe in the next two months but after that we looking at a more stronger short position. I believe that leg "A" should be equal to leg "C" thus the set target which is almost complete. The drop there should drop us down all the way to the 50.00 or 61.8 Fb zone. Lastly, we also have the RSI Divergence confirming, now we just need to lookout on smaller timeframes for better risk management.Shortby TheGreatestMarketAnalyst7
NASPERSLooking for the next high to be a lower high than the previous significant high, then we drop as it shows more strength on sellersShortby TheGreatestMarketAnalyst7
Possible reversal on NPNJSE:NPN is trading at quite a strong resistance level at the moment. If it fails to break higher, the chances are good for a downward move. The stochastic seems to be confirming the trend reversal. As always, I will wait for confirmation before entering.Shortby RossLarter10