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Naspers

UPDATE: Naspers target to R1,591 on the way - WARNINGWe'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental moves throwing in 1s and manipulating the market on only technicals. Well, we sent out a short potential analysis as we expected the price to drop. A Strong M Pattern formed. Broke down. Next few days gapped up and almost reached the stop loss. Today the price dropped over 17%. And now it looks like there's further downside to come. But don't take my word for it because Naspers is probably one of the most difficult markets to probability predict. Let's get into the basics of the fundamentals that took place today: WHAT HAPPENED TO NASPERS AND PROSUS? #1: Naspers and Prosus, the global internet and media companies, experienced a significant plunge in their share prices on Friday due to new Chinese tech regulations impacting Tencent. #2: Beijing unveiled measures aimed at curbing spending in online games, affecting major players in the tech sector, including Tencent. #3: The share prices of Naspers and Prosus fell sharply by 17% and 14%. #4: The decline was triggered by concerns over the potential impact of the regulatory changes on Tencent and other companies operating in the sector.
JSE:NPNShort
by Timonrosso
Naspers after a long YEAR fight - Bears have wonIt'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
JSE:NPNShort
by Timonrosso
To buy Naspers when we buy Prosus - The answer isThere is a super strong correlation with Naspers and Prosus. So yes, it would make sense to buy both. But with such a strong correlation one could just double on the investment on one of their trades to avoid extra costs? That's just me thinking out loud. Naspers and Prosus are closely correlated in price chart because of the relationship between the two companies. Naspers is the parent company of Prosus and holds a significant stake in Prosus. In fact, Naspers owns a majority of the voting rights in Prosus due to the dual-class share structure. As a result, changes in the share price of Naspers often have a direct impact on the share price of Prosus. This correlation occurs because investors and traders consider the value and performance of Naspers when assessing the value and performance of Prosus. Since Naspers is the majority shareholder and has significant control over Prosus, any significant news, events, or market sentiment affecting Naspers can influence the perception and valuation of Prosus as well. This correlation is further reinforced by the fact that both Naspers and Prosus have overlapping investments in prominent technology companies, such as Tencent. It's important to note that while there is a strong correlation between Naspers and Prosus in terms of their share prices, there can still be slight differences due to factors such as market demand, liquidity, and investor sentiment. Additionally, external market conditions and broader economic factors can also impact the share prices of both Naspers and Prosus, further reinforcing the correlation between the two.
JSE:PRXLong
by Timonrosso
PROSUS showing upside to come to R1661.98 after W BreakW Formation formed after it's been in consolidation for a while now. The previous trend was up, so the conditions have lined up as a high probability trade. The price has broken above and looks to be heading up. 7>21>200 RSI >50 Target R1661.98 SMC Sell Side Liquidity Order Block just below the Second leg of the W Formation. This is where Smart Money has been buying the price up. ABOUT: Prosus is a global consumer internet group headquartered in the Netherlands, with a primary listing on Euronext Amsterdam and a secondary listing on the JSE. It was established in 2019 as a spin-off of Naspers, a South African media and technology company. Prosus is one of the largest technology investors in the world, focusing on sectors such as online classifieds, food delivery, payments and fintech, education technology, and more. The company has a diverse portfolio of investments in leading technology companies globally, including significant stakes in Tencent Holdings, Delivery Hero, and Mail.ru Group. Prosus is known for its strong presence in emerging markets, particularly in countries such as India, China, Russia, Brazil, and South Africa. Its most notable investment is a 31% stake in Tencent, a Chinese multinational conglomerate and one of the world's largest internet companies. As of its latest annual report in March 2023, Prosus had investments in over 200 companies across more than 90 countries.
JSE:PRXLong
by Timonrosso
Naspers UPDATE on its way to the target at R4,000Falling Wedge Formation is evident on the daily chart. The price is still consolidating around the apex. We need the price to break up and out of it to confirm upside to come. 7=21 Price >200 RSI>50 Target R4,000 ABOUT THE COMPANY 2023 Naspers was founded in 1915 as a newspaper publisher in South Africa. The company is headquartered in Cape Town, South Africa. Naspers is one of the largest media and technology companies in the world. The company's most valuable asset is its stake in Tencent Holdings, a Chinese multinational conglomerate that operates several popular social media and gaming platforms. Naspers is the largest shareholder in Tencent, owning approximately 31% of the company. In addition to its stake in Tencent, Naspers also has significant investments in other internet and technology companies, including Mail.ru, Delivery Hero, and Prosus. Naspers' core businesses include online classifieds, payments and fintech, food delivery, and education technology. The company operates in over 120 countries. Naspers was one of the early investors in the Chinese e-commerce giant, Alibaba, and made a substantial profit when the company went public in 2014. The company also owns the South African online retailer, Takealot. Naspers has a market capitalization of over $100 billion as of April 2023. In 2019, Naspers spun off its international internet assets into a separate company called Prosus, which is listed on the Euronext Amsterdam exchange.
JSE:NPNLong
by Timonrosso
UPDATE: Naspers short confirmed to target R2,766Break in Uptrend structure confirmed and we are no longer in an uptrend. We've been in a sideways range and now entering a bear market as of today. We now have a largeish Inv Cup and Handle with a few bearish signals. 21>7 - bearish price>200 - Bullish RSI <50 - Bearish lower highs Target R2,766.00 WARNING Even though we expect the price to drop, it's only correcting back to the 200MA zone. Once the price gets there, we'll see a test between the bulls and bears before a chosen direction is established.
JSE:NPNShort
by Timonrosso
Prosus hit our target up at R1,446 now expect downsideTarget hit at R1,446 recently from a larger Cup and Handle. And since then we had the price go up one more day before entering into a strong sideways range. During this time it formed an Inv Cup and Handle with a few bearish signals. 21>7 - bearish Price>200 - Bullish Target R1,1033 RSI<50 Bearish WARNING Even though we expect the price to drop, it's only correcting and equilibrating back to the 200MA elastic mean zone. Once the price reaches here, there'll be a test between the bulls and bears before a chosen direction is established.
JSE:PRXShort
by Timonrosso
W Formation on Multi-Choice looking good to R147.60W Formation from the last update with Multi Choice is looking good and on track. It broke above the neckline, and it's been swimming on up on a good inclination (45 degrees). Indicators are also looking positive. 7>21>200 Bullish RSI >50 >70 - Bullish Target R147.60 ABOUT THE COMPANY MultiChoice was founded in 1995 as a subsidiary of the South African media group Naspers. The company operates DStv, a digital satellite television service that offers a wide range of entertainment channels and packages. MultiChoice has a presence in over 50 countries in Africa, including Nigeria, Kenya, Ghana, and Tanzania. The company has over 19 million subscribers across the continent, making it the largest pay-TV provider in Africa. MultiChoice's services include DStv, GOtv, and Showmax, a streaming service that offers a range of local and international content. MultiChoice has a market capitalization of over R64 billion as of February 2023.
JSE:MCGLong
by Timonrosso
Naspers break in uptrend structure - BearishAfter a fantastic long trade with Naspers, it's eventually broken below the Uptrend structure. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle). 7=21 price>200 - Reversal RSI <50 - Bearish Target R2,766.00 As always it is correlating with Tencent and Prosus... We saw a sluggish market in Asia session with the banking holiday effect in America. Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost. The Hang Seng Index declined 1.7 per cent to 20,529.49 at the close of Tuesday trading, the biggest drop in over a week. The Tech Index tumbled 3.6 per cent while the Shanghai Composite Index added 0.5 per cent. The benchmark index has lost nearly 5 per cent in the past two weeks as hedge funds withdrew from the market. With Tencent dropping 4.5% this is why we saw a large breakaway gap with Naspers. Caution is needed with such volatility.
JSE:NPNShort
by Timonrosso
Prosus hit our price target at R1,445 and enters into a bullSince we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level. 7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around. The first target he set was to R1,445.20. WHich it hit last week. Now unfortunately, there is no other chart pattern that's formed but instead a bull (rising) channel is on the way. This is where trend traders will ride it on up until the trend breaks. It doesn't give us breakout traders a good entry level but for others I'm sure they can raise their trailing stops and keep it going. General Facts: Prosus is a Netherlands-based investment company (that operates in more than 80 countries) that was created through the spin-off of Tencent's international internet assets. The company's primary focus is on the technology and internet sector. You'll find it's listed on the Euronext Amsterdam stock exchange and the Johannesburg Stock Exchange (JSE). For our analysis we are talking about the one listed on the JSE (South Africa) Prosus has a market capitalization of over $100 billion and its portfolio includes investments in companies like Naspers, MakeMyTrip, and Delivery Hero.
JSE:PRXLong
by Timonrosso