Naspers - Daily Analysis - 13-Jan

*The following is an extract from research published to our client group this morning* - Sidebar levels excluded.

The falling wedge technical structure, breakout, subsequent back-test and rally may have been a textbook development while yesterday’s rally was one for the books. Tencent is slightly lower in HK thus a we may see muted action in NPN compared to yesterday however don’t be surprised if the share bucks the trend vs Tencent and trades slightly higher again today. DAILY CHART.

Disclaimer: The above analysis should not be considered as a trading or investment recommendation.

Disclosure: No position held.

In addition to NPN, I also provide short term trading analysis on other large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena.

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