Cup and Handle also has formed on Prosus with the Moving averages looking strong with 7>21>200
Target R1,445.20.
There is a strong correlation with Naspers which is showing almost identical charts.
The RSI has also broken above the Negative divergence and is in the upward momentum territory >50.
The only concern as I often mention are the gaps in the charts which shows high volatility and potential for Gaps close.
The bias however is bullish.
Target R1,445.20.
There is a strong correlation with Naspers which is showing almost identical charts.
The RSI has also broken above the Negative divergence and is in the upward momentum territory >50.
The only concern as I often mention are the gaps in the charts which shows high volatility and potential for Gaps close.
The bias however is bullish.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)