I agree with you but I have tried shorting NPN several times without much success. Frans de Klerk (talking technicals) says technical analysis doesn't work on NPN-it just keeps going up!On the other hand he says at some stage it will crack.
Why he insists on analysing the local charts of what are to all intents and purposes offshore listings I will never know. You should be applying your tech analysis to the charts of the ZAR/USD, USD/YUAN and most importantly TENCENT. NPN is just a result of these charts.