I am the absolute worst person to do analyses on MTN. I never get it right (over the last 20 years), and yet I keep providing analyses. SO if you want to actually make money with MTN, just do the opposite of what MATI Trader system says lol. W Formation (Breakout) Price above 20 and 200MA Target R131.91. So in other words SELL and don't listen to me.
M Formation formed on MTN, with the price breaking out on 13 June 2024. We see price below 20SMA and 200SMA showing a high probability analysis. And there are two downtrend lines confirming the momentym of downside. First target will be set to R47.34
This has been a long winded analysis. We sent out this one on 22 Dec 2023, which gave a Conservative entry from the Dimaond Breakdown. And now the momentum is picking up to the downside. We also have an Reverse Inv Cup and Handle which is rare but also effective. The Nature is still High probability as the Price is below BOTH 20MA and 200MA. Target...
Diamond Formation formed on MTN. This is a broadening pattern that could have broke either way. The fact that it broke down and almost retested the 200MA showed the momentum was down and bearish. Now it's on a one way trip down. First to R90.00 at next support If it breaks below we could very well see our main target at R60.65 FUNDAMENTALS MTN Group, a...
Diamond Formation formed over ther last two years with MTN. Now initially, you wait for a breakout before you trade a broadening pattern like the diamond. And then, we saw it break below - showing the momentum and supply was higher to the downside. I sent this analysis out and called it a short investment. What that means is that this type of trade is a LONG...
The Broadening Diamond formation has finally broken below. The price came down but on weak selling volume. Now it seems to head up to test the 200MA before deciding which main direction it wants to go. THe overall prior trend was down and the breakdown was also confirming for the bears. WIll have to wait for a conservative approach for the price to test the...
We posted this Diamond Formation earlier in the year. The price broke below the formation, and since then it's been on a way way trip. Price<200 which signals a confirmed bear market. Target remains down to R60.65.
The chart doesn't need much explaining. The stock is trying to reverse off the bottom of the 1-year channel while forming some divergence on the RSI. A move above todays high should hopefully see this gain some momentum, with a short term move to R119 possible. Larger target would be for this to trade back to the top of its channel over the last year at R144....
Analyzing the options chain and the chart patterns of MTN Vail Resorts prior to the earnings report this week, I would consider purchasing the 240usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $9.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Diamond Formation has formed since September 2022. This is a weekly chart because MTN is by far the most difficult market to analyse. It is famous for moving sideways for extended periods of time. Then it eventually breaks out and moves in a trend for a short but powerful period. This is only a market for trend traders who wait for the big move. Or for range...
JSE:MTN Another trade that says in big neon letters, Don't Do This If you have a penchant for masochism, and don't see the sense in the broad, thoughtless rally in SA Inc, then note the following: - RSI at 80 is ready for a downtick - MACD, still strong, has started slowing - Momentum has stalled in the last 3 days, some long wicks on both sides of the...
Rev C&H has formed on MTN. The price has broken above the brim level and also it's broken above the downtrend since 11 March 2022. So this looks good for upside. However there is a warning. 7>21 RSI>50 Target R165.39 WARNING: I never ever get MTN right in all my 20 years of trading the JSE, so take this with a pinch of salt. MTN is on my S&^t list and yet, I...
Head and Shoulders formed on MTN a month ago. We did this prediction analysis showing the market entering into a bear market. Also, the price broke below the neckline showing downside to come. Price<200 21>7 - Bearish Target is still on board to R90.29 SIDE NOTE and TIP: Banks, Insurance and Telecomms are normally the ones to crash first before the rest of...
JSE:MTN at an area of value. Besides the potential support level, the stock has been trading "bearishly". Not expecting the support to hold, and that recent rally seems to have been a bearish flag. Technically, I wouldn't be surprised if JSE:MTN breaks below this level. But the market is full of surprises. No position.
That was a disappointing breakout failure from JSE:MTN . Most of the MTN African subsidiaries reported decent results, and the Group came out with decent numbers. The tape is just weak.
Head and Shoulders formed on MTN yet again. Price<200 21>7 - Bearish RSI<50 bearish Target R90.29 SMC (Smart Money Concepts) Bearish Fair Value Gap formed hence the big candle down. Now due to the 1st and 3rd candle not overlapping, means we can expect the price to move up close the gap before moving down again This gives a buy signal on the short term side...
Box Formation formed on MTN and the Prev. trend up We need the price to break either ABOVE or BELOW the formation before I make any decisions. The funny thing about MTN is how consistent the sideways moves have been for decades. It has a personality of its own and is only something you pick up after being in the markets for a few decades. Anyway, I like to...
JSE:MTN price has broken out of a bullish pennant pattern that formed over the last month or so. It seems to have retraced a bit since, so we will have to wait and see if the trade gets triggered.