Naspers back above down trendline, as well as its 200dma, thanks to yesterday's move.
But notice the massive gap opened. These technical gaps usually 'always' close.
RSI also in overbought territory.
I'm on the fence on this one; but I would wait for a gap close 1st before initiating a 'Long' position.
But notice the massive gap opened. These technical gaps usually 'always' close.
RSI also in overbought territory.
I'm on the fence on this one; but I would wait for a gap close 1st before initiating a 'Long' position.
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Disclaimer
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.