Naspers - Top of channel rejection

19 thg 2

Following on from the previous post , we did in fact get a strong rejection off the top of the channel (major gap down) . Bulls stepped in at the channel low making a decent recovery back up to resistance. The daily candles warned of resistance again and today it seems the stock will come under pressure with R3180 a possible initial target .

link to previous post below---

https://www.tradingview.com/chart/NPN/uNACjtO1-NASPERS-Top-of-channel/