NASPERS LTD -N-Short
Naspers Bear flag?
It looks like Napers is currently trading in a bear flag after falling 9% from recent highs of 327770 to 298000. The past week the 50 MA served as support for a tired looking Naspers - the 20 MA crossing down the 30 MA. On Friday, it closed just above the 20 MA. One to look at this coming week. Should it break below 50 MA, it might see 268108 and thereafter 234700.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
Disclaimer
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