Get started
NASPERS LTD -N-NASPERS LTD -N-NASPERS LTD -N-

NASPERS LTD -N-

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

NPN trade ideas

Tumultous March for Naspers!!Since November 2017 Naspers just can not close above 247900 on the monthly. Someone is defending that area and we tried again to go through that zone in February and again we couldn't close above.In fact February's close almost ticks all the boxes for dark cloud cover and that is good confluence for my bearish outlook. So March will likely be the start of a bearish run. My ultimate target is around 200000 area,just slightly above that...the interim target being around 220000. The entry here will be on the daily. Il wait for pullback into my yellow zone and get my trades in as per attached chart.I might change the actual entries and stop losses depending on how it trades out.
JSE:NPNShort
by taftrader
NASPERSOn the Monthly chart for Naspers, here is what I see, we had a bullish reversal pinbar which shows that buyers did take the market up to the 278447 level on 2017 but for the past two years it hasnt been able to get back to that level, meaning the sellers were also trying to gain momentum in that period. Now my prediction is that the buyers are going to be still a little dominant but its for a short period, maybe in the next two months but after that we looking at a more stronger short position. I believe that leg "A" should be equal to leg "C" thus the set target which is almost complete. The drop there should drop us down all the way to the 50.00 or 61.8 Fb zone. Lastly, we also have the RSI Divergence confirming, now we just need to lookout on smaller timeframes for better risk management.
JSE:NPNShort
by TheGreatestMarketAnalyst
Top5 oversold/overbought according to RSI & NaspersTop 5 Oversold & Overbought currently according to their 14-day RSI’s: Oversold: Ascendis Health 24 Prosus 28 Telkom 29 Sun International 30 Nampak 32 Overbought: Capitec Bank 74 Momentum Metropolitan 74 MediClinic 73 Stor-Age Property 72 Aspen 71 This week I want to spend some time on Naspers, as data on Prosus is still a bit thin. Both the companies find itself heavily oversold according to it’s 14-day RSI’s. In Naspers’s case, price went below 30’s RSI, three times before since 30 October 2018. If history was anything to go by, this would generally be the time to buy Naspers (or Prosus). After the Prosus unbundling announcement was made in March this, first Naspers and then Naspers and Prosus (added) together initially outperformed Tencent (all entities in USD). We however saw a reversal of this movement over the past few weeks, with Tencent now moving ahead of the Prosus/Naspers combined pricing. This indicate that there might again be an opportunity for value seekers to buy into the bigger discount to SOTP. We’ve also seen that Naspers has developed a strong support level round the R2050 levels, which was tested 3 times before since March this year. Should this support level again holdup, could see the price test R2200 soon, with a break and close above these levels, most probably testing the 50- and 200-day moving averages at R2260. Should we break this level, will move my target on Naspers to R2380. I am however EXTREMELY worried about the Death Cross developing in the 50- and 200-day moving averages, with a cross most probably seeing us test the R2050, with a break and close below this level, putting the R2000 mark in big danger. We saw how easily Prosus went through the R1000 mark this week. My recommendation for short-term traders, is to wait before trying to go long (buy). The trend is currently not Naspers’s friend and will a personally wait for a confirmation of trend reversal, before I put some skin in the game.
JSE:NPN
by SchalkLouw