#ALSI - Fade - As previously posted, the ALSI encountered overhead resistance and has since faded back into the broadening formation - Original post link below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan0
NASPERS overview Following the Elliott wave retrograde analysis, we see a significant head and shoulders with a high bearish momentum; the defining price range for the next rally is entirely based around the 0.618 Fibonacci retracement levels. Good luck and follow me for more!by UnknownUnicorn4565572Updated 1
neckline retestWe might see this guy retesting the neckline and falling from this pointShortby Mars_African_Empire1
NPN: M-top formation possible?I am always cautious to issue a Sell on NPN. But never say, never....Shortby Peet_Serfontein0
WeChat about NaspersWith uncertainly about WeChat being banned in the US as well as the TikTok situation, Huawei etc and other Chinese companies' status on US stock exchanges uncertain, could temporally affect Naspers, as can be seen in the multiple tops and gaps created lately. When and if it breaks the diagonal trendline, there are 2 support zones below. Could be a volitile move down with gap ups included. ----Could also create another peak, which would form a large head and shoulders structure.---- Also the Level 2 pop on Monday 17th was very short lived My personal view, not a trade recommendation Naspers JSE:NPNShortby hedgefun0
NPN Daily Range Contraction leads to BreakdownNPN has had a good run and is due for a correction.Shortby saleem061
NASPERS - ShortPrice turned lower on three occasions at lower values showing selling pressure. RSI readings moved lower in similar fashion as price confirming selling pressure Short trade summary made on Daily chart Shortby LifesongUpdated 2210
NaspersWe have seen triangle breakout to our target area. however i am very alert at these key level 353200, I think the stock is way overvaluedLongby Asanda_The_Technical_Analyst6
H&S forming on NaspersJSE:NPN is currently forming a small head and shoulders pattern on the 1D chart. If it continues downwards and confirms the break through the necklinr, we could be looking at a target around the 224000 level.Shortby RossLarter5
Naspers Bear flag?It looks like Napers is currently trading in a bear flag after falling 9% from recent highs of 327770 to 298000. The past week the 50 MA served as support for a tired looking Naspers - the 20 MA crossing down the 30 MA. On Friday, it closed just above the 20 MA. One to look at this coming week. Should it break below 50 MA, it might see 268108 and thereafter 234700. Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.Shortby StarChaser745
Naspers - Possible downward move coming up.JSE:NPN has been trending upward since mid-March and with today's opening, it finally broke below the trendline that has formed. Although unconfirmed as of yet, this could mean a move to the downside. I'll be keeping an eye on what happens here next week for a possible short position.Shortby RossLarter6
NASPERS - Uptrend running out of steam (Observation)- Stock has moved up powerfully off the 18th of March low taking out the recent high of February. - A bearish engulfing candle that has formed which indicates the the bears have now managed to get the upperhand so the area will likely form a resistance level. (Tencent is also down this morning in th Asian session) - The question is how much of a pull back will be possible here before the buyers step in. (Perhaps 20ma) - Any short will be scalps as the chart still looks bullish and fundamentals are good. The pullback could give an opportunity to enter long again! -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:NPN by Trader-Dan9
Elliott wave retrogradeElliott triangle+correctional waves will see NASPERS deem a double top invalid as the bull market continues. Fibonacci is used to identify an all-time high. Good luck and follow me for more!Longby UnknownUnicorn45655727
Bulls eye!Naspers closed chapter for now. Now il wait for the bullish recovery trade. . . that's for April:) TP1-3.25R TP2-4.08R Those good RRs are compensating my losing trades i.e WTI,Nat gas et all. . . . w'l see how we close the month. by taftrader7
NASPERS - H/S pattern- Price bounced off the 200ma is currently retestesting the neckline of a head & shoulders pattern - Target is R2030 - SL above R2535 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Shortby Trader-DanUpdated 8
Take half off the table!So we opened two equal shorts on Naspers and one hit the target making a good RR of 3.25. We have since exited this one position in profit. The remainder is still on and is in profit now but we have added new zone of interest which is the blue zone. If we get a strong reversal signal here we will exit and if not then we let it go according to plan.Shortby taftrader3
$JSENPN $JSEPRX Its raining Head & Shoulders in Naspers & ProsusWe are developing a scary head and shoulders top formation in both Naspers and Prosus. Should we convincingly break below the necklines of the respective charts at approximately R2376 and R1050 respectively, we have downside targets some 18.6% and 13.6% away from current levels on Naspers and Prosus. (Price targets if H&S formation plays out, NPN : R2014, PRX: R927) Shortby MarcoOlevano9
Head & Shoulders on NaspersJSE:NPN has formed a head and shoulders pattern and we could be looking at a nice downward move if it continues downward through the neckline.Shortby RossLarter7