NPN Intraday Update - 1800c Rally Before Fading. Stop Breached. NPN Intraday Update - 1800c Rally Before Fading. Stop Breached. If you took 100 shares (CFD), that's R1800 profit before costs and tax... Come and join us for more real-time communication. by LD_Perspectives2
NPN Intraday Long SetupCurrent: R2651 SL: R2634 Tgt: R2705 15-min chart Know you time frameLongby LD_Perspectives2
JSE:NPN NASPERS Do Not Get Sucked into Yesterdays RecoveryWe have been following the markdown of Naspers - see posts below. Yesterday there was a sharp recovery but one should not get caught up and think it is time to go long. Naspers remains week and the current bounce is just a retest of the yearly pivot levels. Naspers remains weaker than the market and there are no indications of a recovery. The bounce may indicate a consolidation range is starting, but it still looks like more weakness to come. Shortby SteynTrade223
$JSENPN Back at its 200 week ma/ema, bounce incoming?the 200 day moving average/exponential moving average has been a great level of support for naspers over the last 3 years. Will the stock bounce again at this level? If history is anything to go by -Odds favor a bounce, but let's see how this unfoldsLongby MarcoOlevano5
Naspers-Further UpdateH&S pattern working out as expected; broke neckline support, came for a retest, rejected at previous support (now resistance), and the move lower continues!Shortby Innocentmaponde114
NPN bulls reclaiming R2808.00 supportgap from the 16h apr 2020 has been closed and bulls have reclaimed R2808.00 major support level. Reward to risk 1 : 1.5+Longby T2TWELL0
Naspers-UpdateH&S confirmed with today's close below neckline support. But with RSI approaching oversold territory, I would wait for a potential retest of (previous) support as resistance before pulling the trigger; Its not 'advisable' to 'short' an oversold market.Shortby Innocentmaponde118
Naspers - What *Could* HappenHere we are, just below the closely watched R2800 level, down 6% today on around R2.1bn in value traded. Today's price action reflects more of the Chinese regulation (DIDI) than the concerns around the share swap structure. As I note in my research report, published yesterday 04/07: "It may be worth monitoring NPN & PRX over the next few days/week or two. My sense of that prices are starting to stabilize, with the concerns over the share swap structure discounted in the share price to a certain extent. What's also interesting is Friday's reversal candle while over the last week the price has made a small series of higher lows. Also not the RSI developing higher highs vs lower lows on the price (positive divergence). Closely watched support at R2800" As you can see, I've retained the annotations on the chart, accounting for the potential price drop (happening today). What *Could* Happen: We know that the share has been under pressure, having declined from R3888 in Jan 2021 to today's low of R2750. *IF" the share opens weaker TOMORROW, traders should monitor if the following occurs during the session: a print below today's low and a reclaim of the that low on an intraday basis. This will signal temporary relief and the potential for a short term bullish reversal. As always, I'll be monitoring in real-time for any sign of reversal. by LD_Perspectives3
JSE:NPN Naspers Breakout Following the markdown of Naspers - see posts below. After a smaller redistribution range, we are seeing a break out of this smaller range today continuing the push lower. The next important level down is the yearly pivot point at R2800. In the smaller redistribution range, there was a particularly high volume upthrust (ut) indicating the selloff is gaining momentum and some panic selling is happening. Shortby SteynTrade224
NaspersIssues to do with their complex shareholding structure (which top SA asset managers has teamed up against) aside; technically it Looks like a Head & Shoulder technical pattern is forming on the Naspers daily chart. If confirmed, it points to 2,200.Shortby Innocentmaponde2
NPN - Rectangle formationNPN has been going sideways for the last couple of days with resistance at R3100 and support at R2950. A close in either direction should give us a further move. At the moment the trend has been bearish.by JonathanOtero7fUpdated 1
Break Through DeniedThought we almost had a break through, but things not looking that great at the momentby TradingMzansi0
Could we see a recovery?Price back to test downtrend, weekly also looking to recover. Might be a chance to get a bite of the big guy. What do you think?Longby TradingMzansi443
NPN 4 hour bearish flag3220 level can provide a good short entry if market can get there. Reward Risk : 2.5:1by T2TWELL1
Naspers Relative To JSE Equally Weighted Top 40For long term investors/traders, the decision whether to be underweight or overweight NPN can be supported by also bearing in mind this chart: Naspers relative to the JSE Equally Weighted Top 40 Index (J2EQ): A decade-long channel breached to the downside while the RSI has lost it's horizontal support with a 46 reading (neutral becoming bearish) as per the monthly chart. Allocation: Long Term Underweight by LD_Perspectives2
NASPERS Buy trackUpdate on the buy speculation on naspers. Fundamental view was documented in previous idea. Market is in a correctional phase and will soon resume moving higher about R400000 p/sLongby Nasdaq_Diaries3
NPN falling wedge.NPN bounced of horizontal support and the 200dma and triggered a falling wedge pattern. Look for R3560 and R3720 as possible targets.Longby jhwolmaransUpdated 111
NPN long trade possibility on Daily ChartBear move is losing volatility (20 ATR at lows) Selling momentum is decreased (20 Stoch) At 200 MA support level At the bottom of a bull flag pattern Risk is that bull flag is extended a bit lower than ideal and support being properly testedLongby daansteraan111
NPN - Long ideaNPN had 2 bullish pin bars below R3400 and managed to break that level on Friday. Long trade idea is triggered with target at R3500 and stop loss a close below R3368.Longby JonathanOtero7fUpdated 2