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

NASPERS LTD -N-

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NPN trade ideas

$JSENPN Naspers Some support coming upWeekly chart of Naspers indicates that the 2800 level was an important level and a break of that level means that support could only come up at around the 2000 - 2080 levels. The massive volume that traded over the last week on weakness is also not a very bullish signal, indicating that some institutional money is move away from this one. Chinese regulators are doing shareholder no favours with tech giants like Tencent in the firing line.
JSE:NPNShort
by KoosKanmar
2
JSE:NPN NASPERS Do Not Get Sucked into Yesterdays RecoveryWe have been following the markdown of Naspers - see posts below. Yesterday there was a sharp recovery but one should not get caught up and think it is time to go long. Naspers remains week and the current bounce is just a retest of the yearly pivot levels. Naspers remains weaker than the market and there are no indications of a recovery. The bounce may indicate a consolidation range is starting, but it still looks like more weakness to come.
JSE:NPNShort
by SteynTrade
2
Naspers - What *Could* HappenHere we are, just below the closely watched R2800 level, down 6% today on around R2.1bn in value traded. Today's price action reflects more of the Chinese regulation (DIDI) than the concerns around the share swap structure. As I note in my research report, published yesterday 04/07: "It may be worth monitoring NPN & PRX over the next few days/week or two. My sense of that prices are starting to stabilize, with the concerns over the share swap structure discounted in the share price to a certain extent. What's also interesting is Friday's reversal candle while over the last week the price has made a small series of higher lows. Also not the RSI developing higher highs vs lower lows on the price (positive divergence). Closely watched support at R2800" As you can see, I've retained the annotations on the chart, accounting for the potential price drop (happening today). What *Could* Happen: We know that the share has been under pressure, having declined from R3888 in Jan 2021 to today's low of R2750. *IF" the share opens weaker TOMORROW, traders should monitor if the following occurs during the session: a print below today's low and a reclaim of the that low on an intraday basis. This will signal temporary relief and the potential for a short term bullish reversal. As always, I'll be monitoring in real-time for any sign of reversal.
JSE:NPN
by LD_Perspectives