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PROSUS NV

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PRX trade ideas

Sell signal Prosus N.V. Just entered a short position in EURONEXT:PRX . Entry @ 87,75 Stop @ 91,20 (-3,9%) Target @ 75,20 (+14,3%) There's long term divergence MACD (sell signal given) and RSI (sell signal given). DMI confirms with a DI - > DI + and ADX rising; confirming downtrend. At the moment there's some gap filing going on, it's just waiting for the red rising support line to be broken and the next down gap to be made ... Target is the support @ 75,20 which has been formed with big volume, so I assume it's kind of solid.
EURONEXT:PRXShort
by Optiveren
Sloped Kijun!Its a good start to the week for PRX on the weekly. We seem to bouncing off the weekly kijun which is sloped upwards. If this continues we should have enough momentum to reach the weekly tenkan around 163208 zone, which is our target. The lagging span is free to move as well which is a good for our hypothesis. We entered the trade on the daily after a convincing move today at close of session which broke through the daily tenkan. Caution should be taken because on this same timeframe the lagging has a strong resistance at the ssb region of 156645 which could send price down again. Entry: 155 800 TP: 168 208 SL: 149 751 RR: 1.31
JSE:PRXLong
by taftrader
1
PRX Bull-Bear ViewThe 7-day RSI is extremely oversold with a 20 reading in which case we may see an oversold bounce. On the other hand the US tech sector sold off sharply on Friday which may see follow-through to Tencent which could lower levels for PRX. The selling pressure has been significant as evidenced by the large red candles but to say that continues would be backward-looking whilst at the same time extrapolating. The share is however below it's downward-trending 8/21 moving averages tilts the bias to the downside. Bull Approach: There's a gap to be closed at R1432 which may be closed (and potentially overshoot) however this is close to the swing lows in the range of 1405-1435. Bear Approach: Sell the rallies into the 8-day, currently at ~R1560-R1610.76. This chart forms part of a larger research report and should not be viewed as a recommendation to buy/sell.
JSE:PRX
by LD_Perspectives
PRX - Adding some shares on this backtest of bullish breakoutPRX has been in a strong uptrend ever since it broke out of BLUE falling channel (note the perfect backtest of this breakout with the doji on May 4th). Now it's broken out of BLACK bullish ascending triangle, which has a conservative target of 93.40. Recent weakness looks like a backtest of triple support (the ascending triangle's flat and rising trendlines, and the 20 dma), and thus presents an attractive entry point for those who are bullish on this stock. Even if the RED trendline were to keep acting as resistance in the future, the price target can still be reached in little over a month. Full disclosure: long PRX at 0.9% of total assets. While being a european company listed in Amsterdam, this stock is a great proxy for emerging market tech and especially e-commerce stocks, of which PRX holds a big diversified portfolio. It is almost a little EM tech fund in and of itself.
EURONEXT:PRXLong
by dogchasingcogChasingCars
PRX*Extract from client research note 01-June-2020 Following a significant appreciation off the March lows, the share has retreated with the strength of the Rand being one of the major drivers. The price has slipped below both it’s 8 and 21-day exponential moving average with the current retracement being -14% from it’s peak of 166046c. While the immediate and short term trend remains down, the price is approaching it’s 50-day EMA which is in line with the top of the upward trending channel in place since 10 December 2019 as well as the ‘gap’ created on 05 May 2020. Now I don’t know if we’ll see a rebound at that level as we also have a ‘gap’ at 132101c, created on 16 April hence we may see the price target the mid-point of the channel before making a bullish reversal.
JSE:PRX
by LD_Perspectives