How To: Trade Naspers

Trade Naspers/Prosus with Unum Capital.

To get started, email tradingdesk@unum.co.za

NASPERS has rebounded from an ultra short term oversold range, with the 200-day having been a level at which buyers took control. Now the share trades in a NEUTRAL regime, having retraced roughly 50% of it's move from the peak seen in late February to the low on 07 April.

Where is the next (best probability) level to buy, and why? BLUE/TURQUOISE DASHED LINES ---- This level represents the current 61.8% Fibonacci retracement area from the recent swing low to Thursday's high.

Where is the next (best probability) level to sell, and why? RED DASHED LINES ---- This level represents the upper boundary of the channel, at which it could also then be trading in an ultra short term overbought range.

Recently, Naspers was featured on both the buy (manual & automated) and sell side (automated). See the chart with time-stamped references below:

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Previous Post: Prosus: Generating Cash With A 9200c Rebound

The share traded right in the middle of the R720 to R730 range with a print of R725 before rebounding to a high of R817.

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Previous Post (Saturday, 05 April, 07h43) Actionable Area: Prosus N.V

Prosus N.V (PRX). The share has retreated from the upper boundary of it's rising channel, encountering distribution over the last 4 weeks. The 75-day EMA and 21-week EMA continue to trend up, however, the deteriorating candle structure does not rule out a move toward the lower boundary of the channel, which is in line with the rising 200-day SMA as well as the 50-week EMA. This comes in at approximately 72000c to 73000c. This range is subject to change as the price action and news flow develops. Last Close: 81094c 

Lester Davids

Analyst: Unum Capital