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NASPERS LTD -N-NASPERS LTD -N-NASPERS LTD -N-

NASPERS LTD -N-

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NPN trade ideas

Naspers volume evaporating on the move higher + test of 200 dmaWhat worries me about this move higher since bottoming at R2362 is that the volume profile has been declining. Normally a bottom will see an increase in volume. this is a weak move formed to stop out the weak hands (shorts) in the market. Also if you plot your shorter term moving averages, 20/50/89/100mas they are all trading below the 200dma which is again another indicator that the trend is down. I would be taking profit and looking to get short at this point...
JSE:NPNShort
by MarcoOlevano
Naspers finally breaks the psychological R 3000 resistance…time The share price is expected to build a solid base slightly above this level (R 3000.00) to confirm a bullish trend ahead… The bullish view is furthermore re-affirmed by the recent consolidation slightly below the R 3000.00 handle after testing lows at R 2400.00 in mid October 2018.... sellers shaking the tree a bit. Medium target in sight R 3600.00 (20.00%) upside.. Longer term target could possibly push beyond the R 4000.00 level.. will be a volatile ride ahead.. Near term implied volatility trading at 42.50v.
JSE:NPNLong
by Logaro1
JSE:NPN Naspers Testing the Long-term Trend Channel Naspers has been in a down sloping channel since it a throw over of the long-term trend channel and Buying Climax (BC) formed in November 2017. It has now reached the oversold line of the long-term channel and there has been some bullish action. We see a spring with increase in volume on the reaction also seen in gaps to the upside. The Volume RSI has shown divergence with price since the start of the downward sloping channel. This all seems bullish but a jump of the 200Day SMA would have to be seen to confirm the markup in Phase D.
JSE:NPNLong
by SteynTrade
NASPERS LICKING ITS WOUNDS - IS RELIEF IN SIGHT?Established in South Africa in 1915, Naspers Limited is a media, internet and entertainment powerhouse with a footprint in more than 130 countries, and is one of the largest technology investors in the world today. The group’s principal operations are in e-commerce, video entertainment, print and online media. Naspers shares have continuously been one of the JSE stocks, outperforming the all share index by almost 300%. Investors who decided to buy R 10 000 worth of Naspers shares in 2001, would be sitting on a return of more than R 1 million. That is a fantastic record but a very large part of this performance is based on a really well timed purchase into the Chinese tech giant, Tencent. This presents a challenge for Naspers going forward because Tencent has plummeted in value on concerns that it can no longer keep scaling it's revenues. This is evident with the fall in Naspers share price. Naspers is also releasing MultiChoice in order to list as a separate entity under MultiChoice Group which may be adding to some serious uncertainty as this weakens their business diversity. Let's look at the technicals Weekly (pink): We can see that price has broken through a significant support trend line and there is a lot of supply in the market at this level, driving the price further. The break of the 38.2% Fib retracement level also indicates that the lower 50% retracement level is on the cards. Daily (blue): This setup looks like a typical correction with the impulse on the left, the corrective structure and then the impulse on the right expected after 3 or 5 waves. I think it is quite possible that we will see the end of wave 3 on the 50% retracement level and will be looking for a reversal from there. We may also see a deeper correction so it is important to wait for the reversal to be confirmed before jumping into this one. For more information regarding our products and services, install our mobile app from the link in my signature below. Happy trading! Linton White Green Box Markets
JSE:NPN
by Linton_White