Naspers - Breakout or Fakeout ??🤨

Naspers closed the month near its highs and above the previous month high.

Next major levels are the swing high at R3582 and R3605 .

Bulls hold the upper hand above R3315.


A fakeout is a false breakout that occurs when the price moves outside of a chart pattern but then moves right back inside it. It is also known as a “false breakout” or a “failed break”. In trading, a fakeout is when a trader puts on a position expecting it to move in a direction and it fails to do so. Many traders will plan their exit by offsetting orders to make sure their potential losses are limited.