One day reversal: the high of the day is higher than the high of the previous day, but the close of the day is below the close of the previous day and the volume of the current day is higher than the volume of the previous day
I think , it would be to risky to short NPN at this moment in time. Reasons:- 1. Groupon to partner with Tencent in China in a Joint venture 50/50 for ecommerce. 2. Groupon to list with a market cap of 15 bill USD. NAspers owns a indirect stake in Groupon via DST international and Mail.ru. 3. Facebook to launch an IPO valuing Fbook at 50 Billion USD. DST facebook stake is at around 10%. 4. Tencent to grow its business in China as more people in China get access to web on a daily bsasis. 5. Massive momentum in top quality Web based valuations. My prediction is that NPN would be a top 5 JSE company based on market capitilisation in 3 years time and a possible top 3 JSE listed compnay in 5 years.