Naspers is trading in a defined channel with an uptrend. It has now reached the top of the channel once again. It would be interesting to see what happens at the 345000 level, but my suspicion is that resistance will hold and we will move down to test the bottom of this channel once again around the 300000 level. The all share index of which NPN forms a large part has move too far too fast in my opinion, and if the market takes a breather it won't be a surprise. No position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.