📝Trading Note: Naspers
- Lester Davids

- Jul 10
- 1 min read
+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities
Free Content: July 2026 > https://www.unum.capital/post/rjuly2026
Trade Local & Global Financial Markets with Unum Capital.
To get started, email tradingdesk@unum.co.za
NOTE:Â When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes
Naspers | "This past week the share rewarded traders who bought into medium term oversold conditions with a textbook rebound off the 200-week simple moving average. As of the time of writing, the share is experiencing a two-day pullback, with an attempt to fill the previous gap which was created on the morning of Wednesday 08 July. This unfilled gap is in line with the 8-day and 21-day exponential moving average, both of which are starting to turn up. You'll note that Wednesday's resistance was in line with the declining 75-day EMA, which has acted as a resistance throughout the recent attempts to rally. For the most part the share continues to develop it's base formation below a declining 200-day simple moving average." Rating: 🟢 Buy on pullback

Lester Davids
Senior Investment Analyst: Unum Capital




Comments