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

NASPERS LTD -N-

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NPN trade ideas

Naspers Bullish outlook ContinuesNaspers Bullish outlook Continues 1. Price Formation: The price has broken out from a symmetrical triangle price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average is below the Price. 4. Thus, Mas 7>21>200 5. Relative Strength Index (RSI): The RSI is greater than 50, indicating bullish momentum and potential further upward movement. 6. Price Target: R4100 Naspers – the company Naspers is a multinational consumer internet company headquartered in Cape Town, South Africa. Its principal operations include online classified advertising, fintech, payments, and food delivery. The company was founded in 1915 and has since grown into one of the largest technology investors globally, particularly known for its 31.2% stake in Tencent, a Chinese multinational technology conglomerate. This investment has been incredibly lucrative for Naspers and has significantly contributed to its market value. Naspers has two primary listed entities: Naspers itself, listed on the Johannesburg Stock Exchange (JSE), and Prosus, which was listed on Euronext Amsterdam in September 2019. Prosus includes Naspers's international internet assets, with stakes in companies like Tencent, food delivery service Delivery Hero, and Russia's internet platform Mail.ru. The performance of Naspers and Prosus shares are closely tied to the performance of Tencent due to the size of Naspers' stake in the company.
JSE:NPNLong
by Sahle
NASPERS - Hourly Trade IdeaPrice is pulling back to close an open gap at R3325 RSi into oversold territory. If buyers support the stock here i will look to trade a long position of this level. Stop loss and Take profit on the chart. Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes, with little or no trading in between. Gaps can occur unexpectedly as the perceived value of the investment changes, due to underlying fundamental or technical factors, such as an earnings disappointment. Gaps are classified as breakaway, exhaustion, common, or continuation.
JSE:NPNLong
by Trader-Dan
Naspers - Breakout or Fakeout ??🤨Naspers closed the month near its highs and above the previous month high. Next major levels are the swing high at R3582 and R3605 . Bulls hold the upper hand above R3315. A fakeout is a false breakout that occurs when the price moves outside of a chart pattern but then moves right back inside it. It is also known as a “false breakout” or a “failed break”. In trading, a fakeout is when a trader puts on a position expecting it to move in a direction and it fails to do so. Many traders will plan their exit by offsetting orders to make sure their potential losses are limited.
JSE:NPN
by Trader-Dan
NPNSpeculative Trade Idea : The share may trade lower before continuing it's short term advance, hence a buy at current levels or preferably better. Key Drivers: (1) The share has, in the form of falling channel, retraced to the mean (mid-point) of it's rising 2 standard deviation 21-day linear regression trend channel. This retracement also coincides with the 50-61.8% Fibonacci retracement zone. (2) On Friday (07-July) and Monday (10 July) 'doji' and 'hammer' candle formations were developed, respectively, suggesting a slowdown of ultra short term downward momentum (3) The share trades just below the monthly and quarterly pivot, of which a break and close above may fuel further accumulation by momentum traders. The stop-loss is a daily close below 313000c. The target is 5% above the entry however, to protect capital traders should ensure that a trailing stop loss is utilized (move you stop-loss higher as the price increases) and/or bank/take profit in increments as the share approaches the target. Event risk today is the US CPI print which may give rise to further volatility while corporate action (not currently present) should also be born in mind. Time Stop: Wednesday, 12 September 2023 TRADING LEVELS: Entry: 322036 Target: 338137 Stop-loss: 313000 For more research insights, including trade ideas, get in touch today.
JSE:NPNLong
by techpers
Naspers UPDATE on its way to the target at R4,000Falling Wedge Formation is evident on the daily chart. The price is still consolidating around the apex. We need the price to break up and out of it to confirm upside to come. 7=21 Price >200 RSI>50 Target R4,000 ABOUT THE COMPANY 2023 Naspers was founded in 1915 as a newspaper publisher in South Africa. The company is headquartered in Cape Town, South Africa. Naspers is one of the largest media and technology companies in the world. The company's most valuable asset is its stake in Tencent Holdings, a Chinese multinational conglomerate that operates several popular social media and gaming platforms. Naspers is the largest shareholder in Tencent, owning approximately 31% of the company. In addition to its stake in Tencent, Naspers also has significant investments in other internet and technology companies, including Mail.ru, Delivery Hero, and Prosus. Naspers' core businesses include online classifieds, payments and fintech, food delivery, and education technology. The company operates in over 120 countries. Naspers was one of the early investors in the Chinese e-commerce giant, Alibaba, and made a substantial profit when the company went public in 2014. The company also owns the South African online retailer, Takealot. Naspers has a market capitalization of over $100 billion as of April 2023. In 2019, Naspers spun off its international internet assets into a separate company called Prosus, which is listed on the Euronext Amsterdam exchange.
JSE:NPNLong
by Timonrosso
UPDATE: Naspers short confirmed to target R2,766Break in Uptrend structure confirmed and we are no longer in an uptrend. We've been in a sideways range and now entering a bear market as of today. We now have a largeish Inv Cup and Handle with a few bearish signals. 21>7 - bearish price>200 - Bullish RSI <50 - Bearish lower highs Target R2,766.00 WARNING Even though we expect the price to drop, it's only correcting back to the 200MA zone. Once the price gets there, we'll see a test between the bulls and bears before a chosen direction is established.
JSE:NPNShort
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