The stock has been trading in a sideways channel since the beginning of this year. Currently its attempting to break out but the wicks above R3500 is an indication of sellers still around.
Tencent has also been up against its 200ema and has today come under pressure. Expecting a sell-off on NPN towards its rising 20ema. Failure there opens a possibly deeper pullback towards R3240.
Tencent has also been up against its 200ema and has today come under pressure. Expecting a sell-off on NPN towards its rising 20ema. Failure there opens a possibly deeper pullback towards R3240.