A moderate bullish bias is applicable above 51500. Technical score: +1 A bearish MACD crossover on the daily time frequency remains intact – which is a concern. However, keep an eye on a potential bullish MACD crossover, which might support further upside potential. Downside price momentum halted – supporting the bullish trend direction. Only a price action below 51500 will reverse the bullish trend direction. Upside target: 52700. Downside target for a break below 51500 will be 51100. • Tencent, a proxy for Naspers is up 3.6% this morning.