PROSUS bullish target +79% from current pricePress has a double bottom structure activated and with a benefit/risk relation of 7.85.
0.77USD
9.54 BUSD
5.77 BUSD
About Prosus NV
Sector
Industry
CEO
Ervin Tu
Website
Headquarters
Hoofddorp
Employees (FY)
22.63 K
Founded
1997
ISIN
US74365P1084
FIGI
BBG00Q53TW99
Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate. The Ecommerce segment operates internet platforms to provide various services and products, and includes classifieds, payments and fintech, food delivery, etail, travel, and other ecommerce. The Social and Internet Platforms segment holds listed investments in social and internet platforms through Tencent and Mail.ru. The Corporate segment comprises entities which provides various corporate function and activities. The company was founded on April 3, 1997 and is headquartered in Amsterdam, the Netherlands.
Buy PRX - 5th wave pivot identifiedPrice reversal and pivot from the end of wave 4. It also also flagged DeMark Sequential buy #9. Buying today with 1% allocation. Open @ 28.23 TP @ 29.75 c.5.4%
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Strategy:
Based on Elliot wave theory, pivot points and classic chart patterns. The 5th wave pivot strategy identifies the
$JSEPRX - Prosus: Triangle Invalidated, 48240 Key Level To WatchSee link below for previous analysis.
*Prices updated to post-share split adjusted prices.
Price traded much lower and invalidated the triangle outlook.
The overall wave count for Prosus and Naspers is still tricky but I am still counting the advance as a zig zag.
I will maintain a bullish stanc
Policies at playChina is looking at reducing spending on gaming and this news was priced in aggressively. Prosus was a stock I was looking into last week but the price was too high with signs of slowing momentum to the upside. The 52-week moving average was showing signs of not being able to sustain the price above
Prosus Price Target Set at Channel's Bottom: Eyeing the 390 MarkProsus N.V
1. Price Formation: The price has broken out from an inverted Cup and Handle price formation on a daily chart within a rising channel.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a sign indicating short-term bearish momentum.
3. 200-day Moving Averag
PRX Restricted in The Bearish WedgePRX has carved a nice broadening wedge that has forced price into lower highs and lower lows. Price is currently seeking a half cycle correction after which it must challenge resistance again.
If there is a rejection on the resistance we can expect a sharp move down (can go straight down also), ide
Our opinion on the current state of PRXOn 11th September 2019, Naspers (NPN) separately listed Prosus (PRX) on the Euronext in Amsterdam to house all its international assets including its stake in Tencent, Mail.Ru and other internet brands. Naspers holds 73% of Prosus and there is a 25% free float. One of the benefits of the Euronext li
PRX.JSE Prosus recent Trend Cloud Study.Prosus has shown a nice Up Trend from the recent Lows and Double bottom.
This is an update from my recent Study.
Possible Key Resistance and Support levels are depicted.
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PRX.JSE Prosus Short Chart StudyProsus has been following the recent market trends.
My study shows R496 as critical level for support, otherwise, some more pain.
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ProsusBearish triple-top chart pattern on Prosus could target 450 next.
Price currently attempting a retest before a further (potential) move down.
See all ideas
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