NPN: Price Action Guide - 8 21-EMA Held (Intraday)My price action guide for Monday showed ~2703 as a key re-accumulation range for intraday/ultra short term traders, with the share trading as high as 2795 on the day. For more research insights, including trade ideas, get in touch today.by techpers2
NaspersJSE:NPN has pushed above to what I considered a resistance level. Hopefully an upward move will be sustained. JSE:PRX has a similar chart.Longby Trend_Trader_JSE2
With some patience Naspers short Between SPX pushing lower and China pjshing higher, im not sure if this one might be a bit of a push and pull. But there are sooooo many gaps down, its like 70% chance of some to be closed. Might need some patience. Break through both uptrend will signal a hard sell. Shortby Trader_Nix0
Naspers is going up - this is stuff they don't want you to knowCup and Handle has formed on Naspers and has even gapped up showing strong momentum. 7 >21 >200 Moving averages all turned up. Target 1 is R3,626.50 CONCERN is that Gaps close 70% of the time and Naspers is a wild one which acts erratically. Number of reasons which I don't think they'll be happy if I tell you but I'm an independent. 1. Companies love to trade the arbitrage between Tencent (China) and Naspers SA 2. Prop traders love to scalp on lower time frames chasing the daily runs, falls and gaps. 3. You'll see in the volume with Naspers there are tons of 1's thrown into the buys and sells. This is to spook traders out as they have to pay more brokerage. A company like Naspers is a major game player for many traders and for this reason, the erratic movements in the charts look like this. Longby Timonrosso3
NASPERS ... another GAPSo, the "GAP" trade played out in a spectacular fashion with Naspers dropping a whopping 17.50 % and in doing so it created an upside gap which bulls will likely want to close. R1700 needs to be defended to prevent a further leg down to possibly test swing lows from May 22' It may take a few sessions to create a decent base to work off so i don't expect a V type reversal by Trader-Dan5
Relative Sector AnalysisRelative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative ratio charts (equally weighted) of the major sectors of the JSE versus the Top 40. Each chart is presented with the following annotations: 1. A 2 standard deviation, 21-day linear regression channel (signifies 1 month) where, the upper boundary represents an overbought range (potential selling/distribution range) while the lower boundary represents an oversold range (potential buying/accumulation range). 2. Adjacent to the price chart (right hand side), is the Relative Strength Index for the following periods: 1D, 1W, 21D (1 Month) and 63D (1 Quarter) These data points are included in my research. For more research insights, including trade ideas, get in touch today.by techpers2
Naspers Update-TP target exceeded1900 'short' target exceeded. Original ideal attached below.by Innocentmaponde3
Naspers' beautiful messJSE: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? by Trend_Trader_JSE3
NPN trading back below its yearly averageNPN has broken back below its 255MA from a descending triangle pattern that formed over the last 3months. possible targets are the 1870 and 1710 level for the bearsShortby T2TWELL3
Naspers retested and now coming down CHALLENGE TRADE IDEA: MARKET: Naspers (NPN) TAKE PROFIT: R1516.90 REASON: Bearish Symmetrical Triangle and lower highs on RSI What are your thoughts?Shortby Timonrosso1
Sectors Relative To Top 40Sectors Relative To Top 40 - Snapshot. Time Frame: Short Term. For more research insights, including trade ideas, get in touch today. by techpers1
Naspers Drop confirming Symmetrical Triangle Naspers is showing a reversal Symmetrical Triangle It has broken to the downside instead of the continued upside showing a further drop to come. This is bearish with the first target of R1,666.74.Shortby Timonrosso2
NaspersNaspers developing a bearish descending triangle chart pattern that, if confirmed may target the gap close around 1900!by Innocentmaponde3
Naspers buy longShare has consolidated from July highs. Looks set to make a break above yellow trendline. Perhaps a flag?Longby serioussam812
Naspers - Observation- While price remains capped below the overhead resistance the gap magnet below remains a likely area to test - In the current market climate this has a high probability of playing out - Consequently the gap is also the 61.8 retrace of the last big leg up -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan3
NASPERS - Symmetrical Triangle BreakoutThe price has broken out of a symmetrical triangle pattern on JSE:NPN . If it continues downwards, our short position will be triggered. Shortby RossLarter1
Naspers bearish run continuingI've been monitoring and trading this stock for a over a year now. The Head and Shoulders pattern seems very highly likely. July closed with a pinbar on the left shoulder resistance, i anticipate the bearish run to continue.Shortby KatlehoThaba2
Naspers - Short for the Gap to be filledNaspers - Short for the Gap to be filled Naspers short - Retest of 2135 , Break below confirms the gap fillShortby Kamiel2
NASPERS - Followup Naspers rallied up to the level i was watching at R2650. Bulls tried to push through but reversed the very next day. The 20 day ema will be the next possible support or alternatively , we will need a close above the previous day high to continue with upside momentum . Previous post in link below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan2
Potential short on NaspersAn upward trendline ahs been broken on JSE:NPN as well as the stochastic and MACD both turning downwards. This could mean that we could be seeing a downward move if it breaks lower. Be cautious, though, as the markets have been extremely volatile lately.Shortby RossLarter3
NPN - correction back to its 45-degree angle?I never like to short NPN. Such a correction might only be temporary. A price action below 273500 supports a bearish trend direction. Crossing above 266900 will be the first sign of strength returning. Crossing below 253800 might target 240700. The recent price action is steep and might support a correction back to its 45-degree angle. Such a correction might be regarded as healthy. Shortby Peet_Serfontein1
NPNReferencing my NPN seasonal chart (published at the beginning of last week, see attached), NPN appears to be losing steam in the short term. I also highlighted this chart (with annotations) on Tuesday suggesting 'reduce' if you're a short term trader. Tencent looking weak in HK this morning - possibly on the back of the social unrest seen in China as well as China's market regulator on Sunday saying that it had imposed fines on those firms for failing to comply with anti-monopoly rules on the disclosure of transactions. by techpers1