Naspers, NPN, JSE

14th Mar 2022

Naspers has been in a Cycle degree correction for just over a year. This process has produced a 3rd or C-wave that is 0.62 of the 1st or A-wave. The retrace is also close to the 0.62 ratio of the first Cycle and it has achieved a divergence with the RSI in very oversold territory. These indications point to a turn into the 3rd Cycle coming quite soon.

14th Mar 2022
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