JSE:PRX has closed its June gap, JSE:NPN is yet to fill its gap. PRX is trading below key MAs, if there's no bounce here, it might go test the recent low at R710.
JSE:NPN & JSE:PRX traded above the 200 dMA mid-June, bringing a glimpse of hope. A decent move it was for Naspers (the move resulted in a profitable position, in a tough market, sibonga noma yini) but Prosus is now below the level and there's a gap that might be filled. Naspers is still above the MA, but for how long?
As with JSE:NPN , JSE:PRX is also showing signs for a long position as per our momentum strategy.
Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent...
Hello Traders, Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ... For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ? CHart should show it all. We can see...
JSE:NPN just clocked a new 52 week low. Not an achievement I would like to celebrate. Potential support level near R2070. Nothing is too big to fail. Stick to sound risk management. Don't have a position here.
Prosus - Short Term - We look to Buy at 68.11 (stop at 65.01) We look to buy dips. Trading within the Channel formation. Previous support located at 68.00. Previous resistance located at 80.00. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 77.39 and 80.50 Resistance: 80.00 / 90.00 / 100.00 Support:...
JSE:PRX has formed an inverted head and shoulders pattern. With a break of the neckline we could see a move to the target at around the 160000 resistance level.
Last year, on the 14th December 2020 we wrote an article about our Investment Club software and our in-house company portfolio which we run on that software. As we said in that article, running this portfolio has proved to be a highly motivating exercise for our staff. Since 14 December last year, there has been just one change to the portfolio, when the Clicks...
- Following the previous post in the link below , price is back at another "key" level - Down sloping 50 day moving average - Down Trendline - Below the 200 day moving average We could flag here to reset for the next push up or fade back down to earlier support zone. Im still bullish on the long term but am cautiously watching each level of resistance --...
RSI indicator are showing that Prosus NV is oversold. For educational purposes only.
JSE:PRX has been trading in somewhat of a channel since April 2020. Two day's a go it broke out of the channel and looked like it would continue up, but instead formed a shooting star pattern. Yesterday and today are showing strong downward momentum. We could see a move towards the bottom of the channel or to the support level at around 150000.
Fundamental Analysis 1. Industry: Ecommerce, Social and Internet Platforms ++ 2. Price: Relatively Cheap 3. Analyst Consensus Target: 145 (Tipranks) 4. Risk-Reward Ratio: 1:6 5. 5Y EPS Growth: 20-40% (Simply Wall St) Technical Analysis 1. Volume is growing 2. Support of the MA 100 line (1h) 3. Boilinger Percentage: 35% (high short-term potential) 4. Morningstar...
Just entered a short position in EURONEXT:PRX . Entry @ 87,75 Stop @ 91,20 (-3,9%) Target @ 75,20 (+14,3%) There's long term divergence MACD (sell signal given) and RSI (sell signal given). DMI confirms with a DI - > DI + and ADX rising; confirming downtrend. At the moment there's some gap filing going on, it's just waiting for the red rising support line to be...
See Chart. Prosus = Tencent. Good technical set up to breakout.