Observation Only.
This monthly chart highlights NPN vs the JSE Top 40 (although NPN does hold a sizeable weight in the J200).
My question: Is the recent 4-year RELATIVE sideways performance similar to what we saw from 2004-2008?
What's interesting is the 14-month RSI at multi-year lows, with a print of 34 - the same as the 34 print in March 2008 when NPN bottomed relative to the Top 40.
*The JSE removed the equally-weighted Top 40 from this platform which I would have preferred to use as a comparison.
Attached to this post is my previous view on NPN vs the equally Top 40 in May 2021 where I highlighted NPN potentially underperforming the market. At the time the share was R3000. Recent low = R2290.
This monthly chart highlights NPN vs the JSE Top 40 (although NPN does hold a sizeable weight in the J200).
My question: Is the recent 4-year RELATIVE sideways performance similar to what we saw from 2004-2008?
What's interesting is the 14-month RSI at multi-year lows, with a print of 34 - the same as the 34 print in March 2008 when NPN bottomed relative to the Top 40.
*The JSE removed the equally-weighted Top 40 from this platform which I would have preferred to use as a comparison.
Attached to this post is my previous view on NPN vs the equally Top 40 in May 2021 where I highlighted NPN potentially underperforming the market. At the time the share was R3000. Recent low = R2290.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.