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Online Share Trading

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NPN

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sponono
Super Contributor
Now it has fallen by more than 20% from its high. Either we reverse from here or the stock is not officially in a downtrend
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12 REPLIES 12
Russ
Super Contributor
That chart is starting to look ugly.It's easy with hindsight but there was a nice negative divergence on the daily rsi and sto for about 3 weeks before it fell off the cliff.
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Galuc
Super Contributor
All the stop losses have kicked in and I think even the big boys are starting to off-load!
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Russ
Super Contributor
Just made it back to resistance yesterday before plunging again. Still in a downtrend.
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Preston
Super Contributor
Is NPN trading ex- divs today?
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Galuc
Super Contributor
They usually pay divs in Aug / Sept. This share is ping ponging like mad, trading warrants on this share is hair-raising
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Russ
Super Contributor
I think tencent took a dive this morning along with all tech stocks.
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Prestonmyhusban
Regular Contributor
lol, no Russ, it is trading ex-div
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Russ
Super Contributor
NPN or tencent?
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Parttimer
Frequent Contributor
Naspers and Tencent adds value to peoples lives unlike Facebook and Twitter which are just pure rubbish in terms of valuations. Stick with it.
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Russ
Super Contributor
I think npn could easily reach R900.
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Not applicable
hi momentum overvalued stocks tend to crash to the 40% region, see Apple as example.
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Not applicable
high momentum overvalued stocks tend to crash to the 40% region, see Apple as example.
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