Naspers has been in a down sloping channel since it a throw over of the long-term trend channel and Buying Climax (BC) formed in November 2017. It has now reached the oversold line of the long-term channel and there has been some bullish action. We see a spring with increase in volume on the reaction also seen in gaps to the upside. The Volume RSI has shown...
JSE:NPN Breaking from up channel that started end of October
JSE:NPN Going to back test bottom of channel around 272000. For now at least
JSE:NPN Making symmetrical triangle. Back to 260000 or there about. Break bellow will probably open 200000/220000 area
Established in South Africa in 1915, Naspers Limited is a media, internet and entertainment powerhouse with a footprint in more than 130 countries, and is one of the largest technology investors in the world today. The group’s principal operations are in e-commerce, video entertainment, print and online media. Naspers shares have continuously been one of the JSE...