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

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NPN trade ideas

Naspers | Daily Analysis | 06-Dec Trader Type: Short Term/Active Tencent (HK): -2.68% (07:16am SA Time) Chinese Tech ETFs (US Market). Friday, 03-Dec. KWEB: -6.96% CQQQ: -3.73% Friday's Value and Volume: Value Traded: +R1.37bn Volume: 557k shares Chart Time Frame: 30-Minutes How I'm Seeing It: On Friday, the share traded at the lower boundary of our buy zone of 2423/2438 before rallying R60 intraday to test an intraday high of R2497. You'll recall the R2497 level also being the prior resistance/distribution zone which held through Wednesday and Thursday's session. Late into Friday's session we also suggested trimming the share (intraday traders) from which we then saw the share price decline R34 in the last 30-min of trading. Last close at R2547, which is also the prior support. As highlighted above, Chinese tech stocks were sold off significantly in the US on Friday and this morning we note Tencent being lower by 2.68%. It's possible that the past week's swing lows near R2410 to 2417 is tested. As the session progresses (real-time), I'll be monitoring if this level is tested and holds, which may provide an opportunity to 'play' a rebound. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.
JSE:NPN
by LD_Perspectives
Naspers | Daily Analysis | 03-Dec If you're actively trading Naspers, these are the key levels. Tencent (HK): -2.66% (07:48am SA Time) Chinese Tech ETFs (US Market): KWEB: -1.31% CQQQ: -0.88% Yesterday's Value and Volume: Value Traded: +R1.5bn Volume: 698k shares Chart Time Frame: 30-Minutes How I'm Seeing It: The R2497 resistance level highlighted on Tuesday and Wednesday, held during the early part of Thursday's session, acting as an intraday distribution/selling zone and which was followed by a downward trend to test a low of R2445 for the session. From yesterday's intraday high, the price developed a falling channel which is considered a bullish structure however, with Tencent currently being lower by over 2.6% in HK, the risk here is that yesterday's low is once again tested and possibly breached. The 2423 to 2438 remains an "opportunistic" intraday buy zone. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.
JSE:NPN
by LD_Perspectives
Naspers | Daily Analysis | 02-Dec If you're actively trading Naspers, these are the key levels. Tencent (HK): +0.04% (06:05am SA Time) Chinese Tech ETFs (US Market): KWEB: -1.50% CQQQ: -1.81% Yesterday's Value and Volume: Value Traded: R1.56bn Volume: 630k shares Chart Time Frame: 30-Minutes How I'm Seeing It: Yesterday, the R2457 level turned into support early in the session from which we saw a rally. The R2497 resistance level we mentioned yesterday morning then acted as a selling area throughout the session. If you're a day trader/scalper and shorted R2493-R2497, I think you would have generated cash flow throughout the session. The share closed at R2469, off the highs of the day and below the range established from around 11am. Chinese tech stocks were weaker in the US last night while this morning, Tencent finds itself fluctuation between gains and losses. Considering this, a pullback early in the session is possible, with the R2434 down to R2420 range not being out of the question. With US market weakness quite clear and Asia trading in mixed territory, it's hard to talk about resistance levels being cleared however for those who are interested, if R2497 is breached combined with strong bids (and strong candle structure) at this range, then R2520 becomes our next target (and next resistance/distribution zone). Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and Euro Stoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.
JSE:NPN
by LD_Perspectives
Short-Term "Positive Divergence" Creeping in.Having a look at the 30 Min short-term chart, it's encouraging to see some Positive Price Divergence. That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price. My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level. While it may not be a straight shot up to the VWAP, I'd be happy to hold the shares at these levels, with less fear of a "Bearish Trend" continuation. Shares can always take a sudden down-turn, so be cautious of any retracement below the 31.29 RSI Level.
JSE:NPN
by Mike1North
2
Naspers | Daily Analysis | 01-Dec Tencent (HK): +2.18% (06:10am SA Time) Chinese Tech ETFs in the US overnight: KWEB: -1.94% CQQQ: +0.38% Chart Time Frame: 30-Minutes How I'm Seeing It: As mentioned yesterday (pre-market), Friday's low would be a key support that would have to hold should bulls attempt to take control intraday. This level was R2434 where the share traded and hovered around from 11am and from which we saw a rebound into the afternoon. Did you notice how the price also traded into R2457 where we saw an attempt to break above, with resistance eventually holding and capping a further advance. With markets in the US seeing further weakness overnight, a test of Tuesday's lows is not out of the question - that's around R2423 down to R2411. On the upside, ~R2473 up to R2485 could be a strong resistance level and possibly one to short/sell into however, considering Tencent is higher in HK, we could see the R2473 level being cleared, with bulls targeting R2497 (the next resistance zone). Disclaimer: The above analysis should not be construed as a trading or investment recommendation. Disclosure: No position. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.
JSE:NPN
by LD_Perspectives
Naspers - Daily Analysis - 30/11Tencent (HK): Currently -2.25% (8am, SA Time) Chart Time Frame: 30-Min With Tencent lower by 2.25% in HK, NPN risks early-session weakness, with a print at or close to Friday's lows at R2434 a possibility (i.e. R26 below the last close of R2461). A breach and close below this level also sees the horizontal support that has been in place since 23-Sept being breached, opening up R2398 and R2312 (Aug-Sept support zone). For intraday traders who are looking for possible longs, we would like to see Friday's low being reclaimed (it may trade below and THEN attempt a reclaim). Alternatively, Monday's support of R2457 could turn into an intraday resistance/supply zone. Disclaimer: The above analysis should not be construed as a trading or investment recommendation. In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. For more insights and real-time ideas, get in touch today.
JSE:NPN
by LD_Perspectives
1
naspersNaspers 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
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
Naspers: It's Under-Performed. Now What? Naspers: During May there were technical signs that the share could under-perform the broader market (See original relative chart attached: NPN vs EW Top 40, dated 13 May). A relative chart of NPN vs equally-weighted Top40 showed the multi-year channel being breached. Traded at R3000 then, now near R2300. Turn up here, or more downside? Monitoring. (The equally weighted chart of the Top 40 has subsequently been removed therefore I cannot compare it to NPN here, but rather overlay NPN and the Top 40). For more insights and real-time ideas well as how we are looking at Naspers/Prosus, get in touch today.
JSE:NPN
by LD_Perspectives
1