JSE:MTN Short idea
Not a pretty one for MTN shareholders.
Following the previous impulse to the downside, the price has bounced to 61.8% fib.
A break below could extend to 100% of the previous leg
Following the previous impulse to the downside, the price has bounced to 61.8% fib.
A break below could extend to 100% of the previous leg
Trade closed: stop reached
Still a long way down.. stop moved to break even.Trade closed: target reached
Full target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.