Naspers took a beating with the Chinese crackdown on tech companies,
Overall we expect a big rally in the Chinese stock markets soon. and that will boost Tencent and Naspers
We have very clear bullish structures on this chart and price made a double top @ 3870 with the neckline @ 3380 , I expect price to go back up to retest the neckline.
On the Daily we have a bullish MACD
MiWealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action.
We are not sniper traders, and we trade weekly and monthly swing traders.
We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm.
The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels.
MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
Overall we expect a big rally in the Chinese stock markets soon. and that will boost Tencent and Naspers
We have very clear bullish structures on this chart and price made a double top @ 3870 with the neckline @ 3380 , I expect price to go back up to retest the neckline.
On the Daily we have a bullish MACD
MiWealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action.
We are not sniper traders, and we trade weekly and monthly swing traders.
We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm.
The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels.
MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
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