Looking at NASPERS, we may derive the following from the Daily chart:
1. Price is at the 61.8 retracement level.
2. The candles over the past two days were both bearish, despite having entered back into the daily trend.
3. We are at a backtest of the daily trend - since this is retracement wave.
4. Should we come back down, then the target is the weekly zone (for now).
4. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
1. Price is at the 61.8 retracement level.
2. The candles over the past two days were both bearish, despite having entered back into the daily trend.
3. We are at a backtest of the daily trend - since this is retracement wave.
4. Should we come back down, then the target is the weekly zone (for now).
4. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.