For long term investors/traders, the decision whether to be underweight or overweight NPN can be supported by also bearing in mind this chart:
Naspers relative to the JSE Equally Weighted Top 40 Index (J2EQ): A decade-long channel breached to the downside while the RSI has lost it's horizontal support with a 46 reading (neutral becoming bearish) as per the monthly chart.
Allocation: Long Term Underweight
Naspers relative to the JSE Equally Weighted Top 40 Index (J2EQ): A decade-long channel breached to the downside while the RSI has lost it's horizontal support with a 46 reading (neutral becoming bearish) as per the monthly chart.
Allocation: Long Term Underweight
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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.
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.