$JSENPN #Naspers Double Top(s)
JSENPN #Naspers seems to be busy with a double top on the Daily chart with tops on 27 Jan '23 at R3539-54 and the second one on 1 Aug '23 at R3547-94. I suppose this is about as good as one can hope for, seeing that the two tops cover a stretch of 7 months. We see the middle point down at R2976-87 on 1 May '23, with the price currently almost closer to that than to the last top.
However, this possible double top pales into significance when one looks at a possible double top on the Monthly chart, with the two tops of March '21 and July '23 on R3531-71 and R3514-13 respectively. How is that for "very close to each other" over a period of 28 months? I am going to leave it to the reader to look up the middle point down lower of this one if you are really interested.
For now, the trouble will start getting confirmed in my book once the price falls below the middle point of R2976-87 on the Daily chart. With the targets TheDawieSetup has in mind, I am keeping a close watch in this one.
However, this possible double top pales into significance when one looks at a possible double top on the Monthly chart, with the two tops of March '21 and July '23 on R3531-71 and R3514-13 respectively. How is that for "very close to each other" over a period of 28 months? I am going to leave it to the reader to look up the middle point down lower of this one if you are really interested.
For now, the trouble will start getting confirmed in my book once the price falls below the middle point of R2976-87 on the Daily chart. With the targets TheDawieSetup has in mind, I am keeping a close watch in this one.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.