top of page

Naspers Has Rallied By 40%. Here's What The Current Reading Model Says

  • Writer: Lester Davids
    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...


NPN Relative To The JSE Top 40 Index Daily Chart as of Monday 15h08
NPN Relative To The JSE Top 40 Index Daily Chart as of Monday 15h08

Lester Davids

Analyst: Unum Capital

Comments


bottom of page