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Naspers

Prosus also long to R1,445.20 and correlates to Naspers ideaCup and Handle also has formed on Prosus with the Moving averages looking strong with 7>21>200 Target R1,445.20. There is a strong correlation with Naspers which is showing almost identical charts. The RSI has also broken above the Negative divergence and is in the upward momentum territory >50. The only concern as I often mention are the gaps in the charts which shows high volatility and potential for Gaps close. The bias however is bullish.
JSE:PRXLong
by Timonrosso
2
Naspers is going up - this is stuff they don't want you to knowCup and Handle has formed on Naspers and has even gapped up showing strong momentum. 7 >21 >200 Moving averages all turned up. Target 1 is R3,626.50 CONCERN is that Gaps close 70% of the time and Naspers is a wild one which acts erratically. Number of reasons which I don't think they'll be happy if I tell you but I'm an independent. 1. Companies love to trade the arbitrage between Tencent (China) and Naspers SA 2. Prop traders love to scalp on lower time frames chasing the daily runs, falls and gaps. 3. You'll see in the volume with Naspers there are tons of 1's thrown into the buys and sells. This is to spook traders out as they have to pay more brokerage. A company like Naspers is a major game player for many traders and for this reason, the erratic movements in the charts look like this.
JSE:NPNLong
by Timonrosso
CHINA BIG DIP analysis + TENCENT (e-commerce, fintech, gaming)Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent directly or via Prosus shares. ++ others are buying CHina stocks // Charlie Munger = BABA, Ray Dalio increasing positions, Nitin Saigal fully invested in China ...). So Why would you need another analysis if they are alredy buying? This thread will be purely my opinion about oportunity for Buying into Tencent and many China located gigants + why I think, we are near the temporary bottom of correction = of Wave A !! If you look at biggest China companies, almost all of them reached All-Time-High from November 2020 till February 2020 = Potential TOP of China growth-tech bubble. (this time it could be e-commerce, finTech, Gaming companies + Crypto of course...) Lets take a look at few of them, this thread will continue in comments so stay tuned. TENCENT as one of biggest Chinese companies (acting more like ETF based on around 700 holdings). AliBABA KWEB - China internet ETF MEITUAN (Btw biggest Tencent position) SEA Limited: NIO: Whats interesting even some Non-China Fintech companies reached their ATH around this time like StoneCo (Brazil).: SOuth America - Mercado Libre - MELI: While in the US, Covid related restrictions and fear of investors was probably slightly delayed by several Months: is still near thSPX, AMZN, and other FAANG ggants are still near ATHs, some of the FinTech and e-commerce companies start to fall. PAYPAL: SQuare: Conclusion + Investment Thesis: 1) Be very carefull with catching the falling knife. Wait for pure Buy signals and signals of reversal at least at 3D/1W charts. Also consider buying only with very good RRRatio + clear setup. 2) China could be very good oportunity for short term BUY-LONG setups when you will be able to count all subwaves of Wave A but still be very carefull. (Around 1-3 months from now). 3) US and western - world conutries will probably continue to fall in dozens of % DOWN. (US is delayed, it could take around 3-6 months to reach bottom and point of maximum fear of retail and small VC investors.) Patience folks, patience.
OTC:TCEHYShort
by LongevityContrarian
3
PROSUS (1D) - Waiting for DIPHello Traders, Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ... For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ? CHart should show it all. We can see sometjhing like impulsive waves 1-3 are alredy visible withtiny wave 2. So currently finished triangle could be wave 4. = Market is hesitating if the price is alredy good for Long. Hopefully there will be another leg down to green support zone. There could be our Low Risk / High Reward setup to enter LONG position. (For LONG term !!) short term it could dip deeper. ;) Patience folks. Trade safe.
EURONEXT:PRXLong
by LongevityContrarian
NASPERS Naspers took a beating with the Chinese crackdown on tech companies, Overall we expect a big rally in the Chinese stock markets soon. and that will boost Tencent and Naspers We have very clear bullish structures on this chart and price made a double top @ 3870 with the neckline @ 3380 , I expect price to go back up to retest the neckline. On the Daily we have a bullish MACD @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
JSE:NPNLong
by MiWealth
NaspersWith the crack down on China E- Commerce Naspers has taken a beating, this could be a good time to buy Top 40 index, Price made a double top and expect price to go test the neckline @3380, Overall this market is very bullish trading inside ascending channel, @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
JSE:NPNLong
by MiWealth
Double Bottom forming on NaspersJSE: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.
JSE:NPNLong
by RossLarter
2