(News Bulletin 247) – Prosus NV will today constitute the underlying of our advice on derivative products aimed at the most active investors.

The tool selected is the Put 5P31S warrant issued by SOCIETE GENERALE, with an exercise price of €60 and a short expiry date of 09/15/2023.

KEY GRAPHIC ELEMENTS

The January 30 gap (a bearish gap that can be qualified as a breakout gap, or break away gap), clearly marked the border between two market phases on the share which constitutes the underlying of the proposed put warrant. Confirmation was given by the polarity reversal of the 20-day moving average (in dark blue) which is about to break through its 50-day counterpart (in orange), and by an early aftershock of the gap (February 21) .

FORECAST

In this context, the most active investors will bet on this bearish scenario by positioning themselves on the Put warrant, issued by SOCIETE GENERALE and with the mnemonic code 5P31S, on Prosus NV, at €0.470.

They will take their profits when the underlying reaches €56,810 or limit their losses by selling the warrant if the €71,100 is crossed.

The News Bulletin 247 board

WARRANT
Purchase at 0.47 € PUT
Objective :
56.810 €
Stop:
71.100 €
Mnemo:
5P31S
Transmitter :
Societe Generale
Strike:
60.00 €
Due date :
09/15/2023

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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