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Trading Prosus: Updated Provisional Buy Re-Entry Range

  • Writer: Lester Davids
    Lester Davids
  • Jul 6
  • 1 min read

Research Notes For 07 to 11 July > https://www.unum.capital/post/r0711july

Trade Local & Global Financial Markets with Unum Capital.

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  • The share traded right in the middle of the R720 to R730 range with a print of R725 before rebounding to it's recent high of R1014 on 24 June.

  • Provisional buy re-entry range R855-R875.

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Previous Post (Saturday, 05 April, 07h43) Actionable Area: Prosus N.V


Prosus N.V (PRX). The share has retreated from the upper boundary of it's rising channel, encountering distribution over the last 4 weeks. The 75-day EMA and 21-week EMA continue to trend up, however, the deteriorating candle structure does not rule out a move toward the lower boundary of the channel, which is in line with the rising 200-day SMA as well as the 50-week EMA. This comes in at approximately 72000c to 73000c. This range is subject to change as the price action and news flow develops. Last Close: 81094c 


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Lester Davids

Senior Investment Analyst: Unum Capital

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