Prosus also long to R1,445.20 and correlates to Naspers idea
Cup and Handle also has formed on Prosus with the Moving averages looking strong with 7>21>200 Target R1,445.20. There is a strong correlation with Naspers which is showing almost identical charts. The RSI has also broken above the Negative divergence and is in the upward momentum territory >50. The only concern as I often mention are the gaps in the charts which shows high volatility and potential for Gaps close. The bias however is bullish.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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