Naspers after a long YEAR fight - Bears have won
It's been a trying time for Naspers Media company.
Since January 2023, up until October 2023.
The price has moved in a sideways range and has failed to break either way.
That was un 18 October 2023, where the price pierced through a solid neckline of an M Formation,
Since then, it's entered into bear market territory along with the JSE ALSI 40.
The signs are all pointing down for now and we are more selling to come.
Other indicators show downside.
200>21>7
RSI<50
Target R2,367.00
Since January 2023, up until October 2023.
The price has moved in a sideways range and has failed to break either way.
That was un 18 October 2023, where the price pierced through a solid neckline of an M Formation,
Since then, it's entered into bear market territory along with the JSE ALSI 40.
The signs are all pointing down for now and we are more selling to come.
Other indicators show downside.
200>21>7
RSI<50
Target R2,367.00
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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