JSE:NPN Naspers Distribution?
Naspers is looking like it is completing a distribution trading range in spite of a strong market. After a push higher in November increased selling volume provided a major sign of weakness (SOW). After a poor attempt to rise it is now had a high volume significant selling bar. This could indicate a large concern is completing its sale of the stock into the strength at the end of the year and could be ready for a markdown going into the new year.
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