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📝Trading Note: Naspers

  • Writer: Lester Davids
    Lester Davids
  • Jul 10
  • 1 min read

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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

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