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Online Share Trading

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Naspers

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Galuc
Super Contributor
This has been a great performer is there still more to come or have I missed the bus again?
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4 REPLIES 4
Ninja
Super Contributor
If it closes above 206.50 it will move up to 216 short term. Longer term to 292, but a volatile share....beware if you are short term trading.
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DA
Contributor
Ninja, how do you figure on 292? I've had a look at the chart - looks like its all time high was 216.50 and I don't see how anything can suggest 292 (but I'm no expert on this). Has been in a broad channel for a good couple of years?
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Ninja
Super Contributor
DA, Naspers has broken out of its long term symetrical triangle dating back to September last year. R293 is its long term target ie: the height of the triangle projected up. There will be lots of movement before this target in the short term which will be very tradeable however does not negate the longer term picture. Hope that explains my comments.
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DA
Contributor
Yes, thanks Ninja. I was looking for something like this, but wasn't sure that such a triangle was well defined enough, mainly 'cause I was also looking further back and that then obscures the triangle a bit. Takes practice I guess....
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