BUY PROSUS AT BREAKOUTProsus has shown a strong price rejection at support level. We can place long positions as price breaks above 200 EMA and crosses our trendline(which at this setup is our resistance indicator).
PRX trade ideas
Prosus Staying Rangebound?Prosus - Short Term - We look to Buy at 68.11 (stop at 65.01)
We look to buy dips. Trading within the Channel formation. Previous support located at 68.00. Previous resistance located at 80.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 77.39 and 80.50
Resistance: 80.00 / 90.00 / 100.00
Support: 68.00 / 65.00 / 60.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AG Capital -Storm trading Morning Call 28 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
PRX 6 month Bearish consolidationPRX is trading below all long term moving averages (250,150,50 EMA's)
if this 180 day's consolidation breaks to the downside the target can take price to around R965 level.
AG Capital -Storm trading Morning Call 24 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 20 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
PRX.ASThis content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. Investment involves risk.
AG Capital -Storm trading Morning Call 15 December 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
PROSUS - Consolidation- Prosus has been consolidating since July after a solid leg down
- Price action indicating this is possibly a good launch pad to target R1450 initially then a move to the (R1541-R1636) retracement zone
- Failure at the lows will open a new leg down
- -- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
PROSUS (PRX) (D)Prosus is potentially working on an Inverted Head and Shoulder Formation.
It will need to break above the Orange Line and the 200EMA , to potentially begin an upward trajectory.
AG Capital -Storm trading Morning Call 22 NovemberWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
PRX IHSPossible invert head and shoulders forming on PRX. The head measure 10% so one can expect a 10% rally if it can break and close above the neckline.
The red lines shows resistance just above the neckline. Interesting chart nonetheless.
Trade ideas are my own and not financial advice.
Inverted Head & Shoulders on ProsusJSE:PRX has formed an inverted head and shoulders pattern. With a break of the neckline we could see a move to the target at around the 160000 resistance level.
$PRX Prosus Looking like a buy opportunityBacked by a good set of results Prosus looks like it could break from this inversed head and shoulders formation with a target of around 1600.
AG Capital -Storm trading Morning Call 11 novemberWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
PRX: more downside potential?Downside price momentum supports a bearish trend.
RSI leaves enough room for further such downside.
A price action below 127700 supports a bearish trend.
ADX suggests a strong bearish trend gaining strength.
MACD bearish crossover applicable.
AG Capital -Storm trading Morning Call 28 October 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Watching RectangleRectangle not yet activated. Needs to break 80$ resistante. If you trust in charting and rectangles, current stop is 65.90$ zone.
AG Capital -Storm trading Morning Call 26 August 2021 We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 24 August 2021 We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Prosus NV - PT € 140RSI indicator are showing that Prosus NV is oversold.
For educational purposes only.
JSE:PRX Prosus Remains WeekFollowing Naspers we have seen a bounce yesterday but this should not be seen as a recovery. It could cause some sideways action but there is still some down site to come.
