NPN - Long ideaNPN had 2 bullish pin bars below R3400 and managed to break that level on Friday. Long trade idea is triggered with target at R3500 and stop loss a close below R3368.
NPN trade ideas
Naspers Buy Looking at long opportunities on NPN with the market having corrected to retest the breakout from the previous monthly high. Market is poised to move higher to break previous monthly highs.
Prosus NV and Tencent Holdings Ltd. are investing in European online-trading group BUX, giving the internet giants a greater foothold in the fast-growing sector.
The Dutch e-commerce group and Chinese developer of the WeChat app led a funding round of $80 million that BUX will use to expand its zero-commission investment platform.
With increased investments in its e-commerce space, this will give investors more confidence on the company's future share growth. E-commerce is a continuous market space that is vast in opportunities to diversify investments.
NPN: Long Tech!Naspers trading at a confluence of supporting technicals. Currently trading at the bottom of channel (potential bull flag formation), approaching 200MA and horizontal support. RSI looking oversold
JSE:NPN Naspers Still Pushing LowerNaspers has been under pressure - see posts below - and is still pushing lower. A significant bar lower and failure at the 50sma could indicate another step-down.
JSE:NPN Naspers Gaining MomentumFollowing the distribution of Naspers - see the links to 5 posts below - we have had another test of the highs with rejection on above-average volume and spread. The markdown in the Wyckoff method Phase D labelling is gaining momentum. This is confirming my original evaluation of a distribution.
Naspers Daily Bullish channel Close above 3780 can open up the way for new highs to come on NPN
RR 1:2
JSE:NPN Naspers Time for ActionFriday brought a significant bar, some volume and a break of the 50SMA which all indicates some momentum to the downside. See posts below following Naspers lower.
JSE:NPN Naspers Markdown in Phase D DistributionFollowing the weakness in Naspers - see posts below - since December we are now being marked down in Phase D as defined by the Wyckoff distribution range. We have seen a couple of tests of the highs that have failed and we are likely seeing a transfer of stock from strong to weak hands. We are now anticipating a break of the upsloping distribution range. Distributions can often be quite dramatic so watch for some sudden moves. Manage your risk.
Naspers - an interesting growth stockThe poster child of the South African stock market over the last several years has undoubtedly been Naspers, with its largest holding in Tencent.
I’ve tried to come to grips with the company and its individual parts which will take a bit more time, however, several things become apparent in the information at hand.
Naspers has been able to grow its revenue at a phenomenal rate for more than a decade. Its revenue peaked in in 2016 with a fall of over 50% in its 2017 reported revenue. Since then, its continued to grow its revenue and earnings per share.
Its average free cash flow margin over the last 5 reported years ending 2020, is around -2.71%. Its average EBITDA over the last 5 reported years ending 2020, is also negative at around -6.51%.
This typically isn’t an issue if the company continues to grow its revenue as it has in the past whilst investing in new and exciting ventures.
Its debt to revenue has steadily been increasing and now sits at over 100%.
There are a few concerns that I have regarding the “health” of the company’s financials, however, it needs to be taken into perspective with the future growth strategy of the company.
Based on the chart it appears that a wedge pattern has formed above the long-term channel. Maybe this suggests a possible breakout within the next 2-3 weeks?
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
JSE:NPN Naspers Reversal BarI started to look at the signs of weakness in Naspers in December - see post below - but after a good rally in January I thought that I may have read things incorrectly. However, now after an upthrust action and failed test of the highs on lower volume, we have seen a significant reversal bar. The size of the daily bar is larger than any bar for some time. This could mean that following the Wyckoff theory that we have only now seen the up trust (UT) and test in Phase C and a markdown in phase D is likely to start and then further down the line a further markdown out of the distribution up sloping trading range.
Nasper - Appears Overextended In the Short TermHas developed an upper wick at it's trend line resistance (close to 'resistance level 3')
Currently extended relative by 10.3% versus it's 21-day EMA.
Prior extensions were 10.8% (09-November 2020) and 13.6% (13-May 2020).
7-period RSI is at the most overbought level in 8 months.
Pullback expected to below 'Resistance Level 2' or closer to it's 21-EMA
$JSENPN Naspers. Top to channelNaspers is trading in a defined channel with an uptrend. It has now reached the top of the channel once again. It would be interesting to see what happens at the 345000 level, but my suspicion is that resistance will hold and we will move down to test the bottom of this channel once again around the 300000 level. The all share index of which NPN forms a large part has move too far too fast in my opinion, and if the market takes a breather it won't be a surprise. No position.
JSE:NPN Naspers Distribution?Naspers is looking like it is completing a distribution trading range in spite of a strong market. After a push higher in November increased selling volume provided a major sign of weakness (SOW). After a poor attempt to rise it is now had a high volume significant selling bar. This could indicate a large concern is completing its sale of the stock into the strength at the end of the year and could be ready for a markdown going into the new year.
NPNThis chart forms part of a larger client note published pre-market.
The share trades in the middle of it's recent range but just above it's 20-DAY EMA and 20-Day Volume Weighted Moving Average. In order for the recent bullish reversal to continue, we need to see the share remain above R3181.
NPN: Dark Cloud Cover....This is the weekly chart of NPN.
Concern remains the Dark Cloud Cover Japanese Candlestick pattern.
NPN - Triangle breakout within parallel channelJSE:NPN has broken out of the bottom of a triangle pattern, moving in a downward direction. Along with this, it has been trading within a parallel channel since mid-July and it has bounced off the top of the channel which could serve as confirmation for a short position. If it continues with this downward momentum, I will enter short with a target at the bottom of the channel.
NPN: correction unfoldingRemains a major concern to short NPN outright.
Rather do a relative pair: Short NPN vs Long PRX.
The lower panel is the correlation of NPN vs PRX - confirming that PRX is a good hedge.
NPNBreached incline support extended to trend line of 21 September/ Thursday/Friday back-tested and closed below 50-EMA. Support: 2988/2967, Resistance: 3125/3150. Daily RSI: Neutral to Weak.
This chart forms part of a broader trading plan and should not be considered financial advice.
NASPERS - Inside week #theStrat- Naspers is still trading inside last week's range
- Note where we are at the upper end of the broadening pattern
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:NPN
Naspers run over?! Its a potential HnS on Naspers. Last weeks candle instigated a Tk cross over and we now have kijun over the tenkan which is a bearish signal.We have a bearish outlook on our international indices for the coming week and Naspers is positively correlated to them esp the US markets so that adds to our confluence. We might get stopped out but we will get back in if we get bearish price action on lower timeframe. We put in 2 small positions for the trade.
Entry: 313582
SL : 323000
TP1 : 281000 (RR-3.46)
TP2 : 260100 (RR-5.68)
Position sizing is crucial!
