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Prosus

UPDATE: Naspers target to R1,591 on the way - WARNINGWe'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental moves throwing in 1s and manipulating the market on only technicals. Well, we sent out a short potential analysis as we expected the price to drop. A Strong M Pattern formed. Broke down. Next few days gapped up and almost reached the stop loss. Today the price dropped over 17%. And now it looks like there's further downside to come. But don't take my word for it because Naspers is probably one of the most difficult markets to probability predict. Let's get into the basics of the fundamentals that took place today: WHAT HAPPENED TO NASPERS AND PROSUS? #1: Naspers and Prosus, the global internet and media companies, experienced a significant plunge in their share prices on Friday due to new Chinese tech regulations impacting Tencent. #2: Beijing unveiled measures aimed at curbing spending in online games, affecting major players in the tech sector, including Tencent. #3: The share prices of Naspers and Prosus fell sharply by 17% and 14%. #4: The decline was triggered by concerns over the potential impact of the regulatory changes on Tencent and other companies operating in the sector.
JSE:NPNShort
by Timonrosso
To buy Naspers when we buy Prosus - The answer isThere is a super strong correlation with Naspers and Prosus. So yes, it would make sense to buy both. But with such a strong correlation one could just double on the investment on one of their trades to avoid extra costs? That's just me thinking out loud. Naspers and Prosus are closely correlated in price chart because of the relationship between the two companies. Naspers is the parent company of Prosus and holds a significant stake in Prosus. In fact, Naspers owns a majority of the voting rights in Prosus due to the dual-class share structure. As a result, changes in the share price of Naspers often have a direct impact on the share price of Prosus. This correlation occurs because investors and traders consider the value and performance of Naspers when assessing the value and performance of Prosus. Since Naspers is the majority shareholder and has significant control over Prosus, any significant news, events, or market sentiment affecting Naspers can influence the perception and valuation of Prosus as well. This correlation is further reinforced by the fact that both Naspers and Prosus have overlapping investments in prominent technology companies, such as Tencent. It's important to note that while there is a strong correlation between Naspers and Prosus in terms of their share prices, there can still be slight differences due to factors such as market demand, liquidity, and investor sentiment. Additionally, external market conditions and broader economic factors can also impact the share prices of both Naspers and Prosus, further reinforcing the correlation between the two.
JSE:PRXLong
by Timonrosso
PROSUS showing upside to come to R1661.98 after W BreakW Formation formed after it's been in consolidation for a while now. The previous trend was up, so the conditions have lined up as a high probability trade. The price has broken above and looks to be heading up. 7>21>200 RSI >50 Target R1661.98 SMC Sell Side Liquidity Order Block just below the Second leg of the W Formation. This is where Smart Money has been buying the price up. ABOUT: Prosus is a global consumer internet group headquartered in the Netherlands, with a primary listing on Euronext Amsterdam and a secondary listing on the JSE. It was established in 2019 as a spin-off of Naspers, a South African media and technology company. Prosus is one of the largest technology investors in the world, focusing on sectors such as online classifieds, food delivery, payments and fintech, education technology, and more. The company has a diverse portfolio of investments in leading technology companies globally, including significant stakes in Tencent Holdings, Delivery Hero, and Mail.ru Group. Prosus is known for its strong presence in emerging markets, particularly in countries such as India, China, Russia, Brazil, and South Africa. Its most notable investment is a 31% stake in Tencent, a Chinese multinational conglomerate and one of the world's largest internet companies. As of its latest annual report in March 2023, Prosus had investments in over 200 companies across more than 90 countries.
JSE:PRXLong
by Timonrosso
Prosus hit our target up at R1,446 now expect downsideTarget hit at R1,446 recently from a larger Cup and Handle. And since then we had the price go up one more day before entering into a strong sideways range. During this time it formed an Inv Cup and Handle with a few bearish signals. 21>7 - bearish Price>200 - Bullish Target R1,1033 RSI<50 Bearish WARNING Even though we expect the price to drop, it's only correcting and equilibrating back to the 200MA elastic mean zone. Once the price reaches here, there'll be a test between the bulls and bears before a chosen direction is established.
JSE:PRXShort
by Timonrosso
Naspers break in uptrend structure - BearishAfter a fantastic long trade with Naspers, it's eventually broken below the Uptrend structure. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle). 7=21 price>200 - Reversal RSI <50 - Bearish Target R2,766.00 As always it is correlating with Tencent and Prosus... We saw a sluggish market in Asia session with the banking holiday effect in America. Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost. The Hang Seng Index declined 1.7 per cent to 20,529.49 at the close of Tuesday trading, the biggest drop in over a week. The Tech Index tumbled 3.6 per cent while the Shanghai Composite Index added 0.5 per cent. The benchmark index has lost nearly 5 per cent in the past two weeks as hedge funds withdrew from the market. With Tencent dropping 4.5% this is why we saw a large breakaway gap with Naspers. Caution is needed with such volatility.
JSE:NPNShort
by Timonrosso
Prosus hit our price target at R1,445 and enters into a bullSince we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level. 7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around. The first target he set was to R1,445.20. WHich it hit last week. Now unfortunately, there is no other chart pattern that's formed but instead a bull (rising) channel is on the way. This is where trend traders will ride it on up until the trend breaks. It doesn't give us breakout traders a good entry level but for others I'm sure they can raise their trailing stops and keep it going. General Facts: Prosus is a Netherlands-based investment company (that operates in more than 80 countries) that was created through the spin-off of Tencent's international internet assets. The company's primary focus is on the technology and internet sector. You'll find it's listed on the Euronext Amsterdam stock exchange and the Johannesburg Stock Exchange (JSE). For our analysis we are talking about the one listed on the JSE (South Africa) Prosus has a market capitalization of over $100 billion and its portfolio includes investments in companies like Naspers, MakeMyTrip, and Delivery Hero.
JSE:PRXLong
by Timonrosso
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
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