Naspers Has Rallied By 40%. Here's What The Current Reading Model Says
- Lester Davids
- Jan 14
- 1 min read
Updated: 5 hours ago
Trade the Naspers with Unum Capital.
To get started, email tradingdesk@unum.co.za
On 14 January, we published a note, highlighting Naspers oversold condition relative to the JSE Top 40 Index.
After a 40% rally, the reward-to-risk is LESS favourable versus the Q1 lows.
Yesterday's pre-market price action model reading (Tactical Trading Guide) for Naspers stated the following for the 3x time frames:
SHORT TERM (approximately 1 to 10 days): "Do not enter a buy/long here (at current levels). The reward-to-risk is unattractive"
MEDIUM TERM (approximately 2 to 4 weeks): "The general trend is up, however, look for failure to hold the prior session range highs to initiate a ~1 to 2 day short/sell setup.
LONG TERM (approximately 5 to 8 weeks): "Has resumed a bull move in a strong upward trend."
Yesterday's Tactical Trading Guide can be found here: https://www.unum.capital/post/pacmntry


The slide below is from last week's report, discussed Naspers:

Previous Post (14 January): Relative The Top 40, Naspers Is Trading In A Short Term Oversold Range
The lower panel on the chart tells a story...

Lester Davids
Analyst: Unum Capital
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