For long term investors/traders, the decision whether to be underweight or overweight NPN can be supported by also bearing in mind this chart:
Naspers relative to the JSE Equally Weighted Top 40 Index (J2EQ): A decade-long channel breached to the downside while the RSI has lost it's horizontal support with a 46 reading (neutral becoming bearish) as per the monthly chart.
Allocation: Long Term Underweight
Naspers relative to the JSE Equally Weighted Top 40 Index (J2EQ): A decade-long channel breached to the downside while the RSI has lost it's horizontal support with a 46 reading (neutral becoming bearish) as per the monthly chart.
Allocation: Long Term Underweight
