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Naspers
Q: What is the overall trend for NPN? Based on the information provided, the overall trend for NPN is bullish, but currently lacking a clear directional bias in the short term.
Q: What is the current 7-day trend? The current 7-day trend is neutral.
Q: What is the current 14-day trend? The current 14-day trend is bullish.
Q: Is there any opportunity for a short-term buy/long position? Yes, there is a potential opportunity for a short-term buy/long position if the price breaks out of its current range. The short-term analysis suggests a breakout is needed to trigger a new trend.
Q: Is there any opportunity for a short-term sell/short position? No, there is no clear indication for a short-term sell/short position. The short-term analysis states the market is in a bullish regime, even if currently lacking direction.
Q: What is the current position & trend for the short term (1 to 10 days)? The short term is in a bullish regime but currently lacks directional bias. A break of the current range is needed to trigger a new trend.
Q: What is the current position & trend for the medium term (2 to 4 weeks)? The medium term is consolidating within an upward trend. If the 8-EMA has been breached, the 21-EMA is a potential buy range.
Q: What is the current position & trend for the long term (5 to 8 weeks)? The long term shows buyers in control, but there is weakness on lower time frames. Look for a pullback to the 8 or 21-EMA (buy range) before the next move higher.
In summary: NPN is in a bullish regime overall, supported by the 14-day trend and the long-term outlook. However, the short term is currently neutral and lacks a clear direction. Medium-term analysis suggests consolidation within an upward trend, offering potential buy opportunities at the 21-EMA if the 8-EMA is breached. Long-term buyers are in control, but lower time frame weakness suggests waiting for a pullback to the 8 or 21-EMA before entering a long position.
Prosus
Q: What is the overall trend for PRX? A: The overall trend for PRX is bullish, as indicated by the 14-day trend being bullish and the medium and long-term outlooks suggesting an upward trend.
Q: What is the current 7-day trend? A: The current 7-day trend is neutral.
Q: What is the current 14-day trend? A: The current 14-day trend is bullish.
Q: Is there any opportunity for a short-term buy/long position? A: Yes, there is a potential opportunity for a short-term buy/long position. The short-term analysis suggests consolidating within an upward trend. If the 8-EMA (Exponential Moving Average) has been breached, the 21-EMA can be used as a potential buy range.
Q: Is there any opportunity for a short-term sell/short position? A: Yes, there is a potential opportunity for a short-term sell/short position. The medium-term analysis mentions considering the potential failure to hold prior session range highs, which would create a tactical short-sell opportunity.
Q: What is the current position & trend for the short term (1 to 10 days)? A: The short-term position is consolidating within an upward trend.
Q: What is the current position & trend for the medium term (2 to 4 weeks)? A: The medium-term position is in or commencing an upward trend. However, there is a caution about the potential failure to hold prior session range highs.
Q: What is the current position & trend for the long term (5 to 8 weeks)? A: The long-term position is that buyers are in control, but there is weakness on the lower time frame. A pullback to the 8 or 21-EMA is suggested as a buy range before the next move higher.
In summary:
Overall Trend: Bullish
Short-Term: Consolidation within an upward trend with potential buy and sell opportunities.
Medium-Term: Upward trend with a caution for potential weakness.
Long-Term: Buyers in control, with a suggestion to buy on pullbacks to key moving averages.
Previous Post: Trading Naspers' +R900 Rally (+26%)
NPN blasting through levels, adding 26% over 4 weeks, boosted by the Chinese technology sector. The initial view informed by both manual analysis as well as automated readings.
As highlighted in this same note (scroll down): "...expect a small rebound' -
*time-stamped price action model reading at the swing lows of 13 January.
The price action model (TTG) alerted to the possibility of a small rebound (scroll down to see previous note + time-stamped reading). The share is now higher by 6.4%.
Now trading into the next best probability resistance range (see chart).
Previous Post (Sunday 26 January): Trading Naspers: Cash Flow For Active Traders (+Price Action Model Reading)
On Monday 13 January at 15h08, we highlighted Naspers shares trading in an oversold range relative to the JSE Top 40 Index. Since then, the share has rallied by R159, generating cash flow for traders who took advantage of the aforementioned oversold conditions.
The model reading for the 3x time frames, as of Friday's close, is as follows:
Naspers: next best probability short term resistance at the upside overshoot of the declining 21-day EMA. Chart as of the close on Friday 24 January.
Previous Post: Relative The Top 40, Naspers Is Trading In A Short Term Oversold Range (Monday 13 January) at 15h08
Previous Post: Naspers: Well Done, Short Sellers (Tuesday 07 January)
Naspers: The share has fallen sharpy, in line with the model reading (published 05 January) which showed that the declining 8/21-EMA could be used as a level into which to initiate short/sell positions. On the back of geopolitical company-related developments (China/military etc.), the share declined by over 9%, reached it's rising 50-week moving average and it's 200-day simple moving average. The candle structure remains poor, with potential for further weakness. For traders looking to re-enter, it would be best to wait until there is stabilization on the lower time frames (1-hour and 4-hour etc.).
The pullback is also in line with the Tactical Trading Guide seen at the peak on 02 October (peak), which warned traders that the reward-to-risk was unappealing and that a consolidation and pullback can be expected. See the time-stamped reading below:
Previous Post: Naspers Price and Trend Analysis (Sunday, 05 January 2025)
Price Action Model with 3x Time Frames
AI-Assisted Summary of the above Price Action Model
Overall, the price action model suggests a bearish short-term trend with a potential for bullish momentum in the medium and long term. Traders should be cautious in the short term and look for opportunities to sell on rebounds. In the medium and long term, they should look for minor support levels to buy into for a potential rebound.
Price Chart With Moving Average Trends
Technical Trend Ratings (Monthly, Weekly & Daily)
Lester Davids
Analyst: Unum Capital
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