Press has a double bottom structure activated and with a benefit/risk relation of 7.85.
#PROS The price is moving in an ascending triangle on a 4-hour frame The triangle is expected to be breached to the upside in a strong manner, with stability above Moving Average 100 Supported by oversold on the MACD indicator And upward momentum for the market Entry price is 0.5300 First target 0.5593 Second target 0.5895 Third goal 0.6229
Hi dear friends, hope you are well and welcome to the new trade setup of Prosper (PROS) with US Dollar pair. Recently we more than 115% pump of PROS as below: Now on a 2-hr time frame, PROS has almost formed a bullish BAT move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow...
We'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...
JSE:PRX and JSE:NPN don't look healthy, on the charts. Both stocks have been weak for a while now. Prosus is on the verge of breaking below a potential support level, this opens a window for lower prices to be tested.
There 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...
W 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...
Similar to our JSE:NPN trade, , the bullish engulfing that formed on JSE:PRX seems to be playing out nicely, and I wouldn't be surprised if it reached is target in the next few trading days.
Target 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...
After 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...
Hi dear friends, hope you are well and welcome to the new trade setup of Prosper (PROS) with US Dollar pair. On a 4-hr time frame, PROS has almost completed a bullish Gartley pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Since 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...
JSE:NPN printed a new 52 week high. JSE:NPN has had a great run, if HKEX:700 continue to move up, it'll be good for Naspers.
Our trade idea on Prosus has been quite a hold, but well worth it... RSI is showing no signs of coming down. Cup and Handle is still very much in play and now we are just riding the uptrend. 7>21>200 Target R1,445.20 still Thoughts?
JSE:NPN touched R3000/share, R3008.89 to be exact. We love that, we have a long position. JSE:PRX is also positive but we prefer JSE:NPN
JSE:NPN has pushed above to what I considered a resistance level. Hopefully an upward move will be sustained. JSE:PRX has a similar chart.
Cup and Handle also has formed on Prosus with the Moving averages looking strong with 7>21>200 Target R1,445.20. There is a strong correlation with Naspers which is showing almost identical charts. The RSI has also broken above the Negative divergence and is in the upward momentum territory >50. The only concern as I often mention are the gaps in the charts...
JSE:PRX closed its gap & we anticipated that JSE:NPN might close its gap as well. The good news is that the gap has been closed, and another gap has been opened. Should we blame HKEX:700 or Comrade Xi?