Since November 2017 Naspers just can not close above 247900 on the monthly. Someone is defending that area and we tried again to go through that zone in February and again we couldn't close above.In fact February's close almost ticks all the boxes for dark cloud cover and that is good confluence for my bearish outlook. So March will likely be the start of a bearish run. My ultimate target is around 200000 area,just slightly above that...the interim target being around 220000.
The entry here will be on the daily. Il wait for pullback into my yellow zone and get my trades in as per attached chart.I might change the actual entries and stop losses depending on how it trades out.
The entry here will be on the daily. Il wait for pullback into my yellow zone and get my trades in as per attached chart.I might change the actual entries and stop losses depending on how it trades out.
