MoMo upside for MTN?
Very interesting level for MTN currently. I see in the media that JPMorgan last week upgraded the company, with a target price of R110. It has now reached its short-term resistance level and with the 14-day RSI trading at EXTREME OVERBOUGHT levels, could see some interim profit-taking. The momentum however is strong and with the fundamentals improving, do concur with the current JPM valuations.
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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.