NASPERS LTD -N-Long
Double Bottom forming on Naspers
NPN has formed what could turn into a double bottom pattern. It formed a bottom on the 23rd of August and then again on the 15th of September. If it breaks through the high formed on the 7th of September, the pattern will be confirmed and then I think we could see a move up towards the resistance level at around 300000. A long with the current move, it is also showing signs of upward momentum based on the position of the stochastic and the MACD. I will wait for confirmation before entering, though.
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