Prosus: Generating Cash With A R110 (+15%) Rebound

Trade Prosus with Unum Capital.

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The share traded right in the middle of the R720 to R730 range with a print of R725 before rebounding to a high of R835.

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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