MTN Cup and Handle formed and the price has broken up and out of the brim level. We are however seeing mixed signals. 7>21 <200 - Mixed RSI>50 - Broken buy divergence Also the price has come down which gives a conservative entry. Bullish bias Target R168.75 CONCERNS: MTN for over a decade and has been on my naughty list. It seldom works with the system and it...
JSE:MTN buyers seem to have ignored the foreign tax issue. JSE:MTN was attempting to trade above the 150MA prior the SENS, the stock has managed to come back above the level, and past want we considered to be a resistance level.
JSE:MTN attempting to move up. Maybe there will be a confirmation on Monday, or it'll be too late.
It took a while, but the long position on JSE:MTN was finally triggered with yesterday's price action. Today's move is looking good for a continuation to the upside. Target at the 146 level
JSE:MTN is looking good for a short. If triggered, we are aiming for a move down towards the R107 area.
JSE:MTN is at an area of value. Given the tough market conditions I won't be surprised if it moves lower.
Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10
JSE:MTN weekly close will be interesting. The stock has been on a downtrend for a while now. It opened the week, weak, and a close below R130/share can see it test R122, or worse, R108. Tread carefully.
JSE:MTN is back at an area of value. The stock attempted to rally following the proposed JSE:TKG takeover, both stocks enjoyed a mini-rally. The rally ran out of steam last week, and now JSE:MTN is back at the support level. A catalyst is needed here to push the stock up, otherwise a potential breakdown may play out. No position.
Liking MTN here for a long, broke through the resistance and came back to retest. Hopefully market turmoil doesn't get in the way. What do you think about this setup?
JSE:MTN is looking good for a short position because the Stochastic and the MACD turned down a few days ago and more recently the EMA's have crossed downwards. I think we could see a move all the way down to the support level around 10500
RSI indicators are showing exhaustion. The stock looks overbought and is facing strong resistance at R130. As a trader, I wouldn't want to buy the top right now. I'm looking for a pullback to (+- R115) before I enter a position again. There is no denying that MTN has been a top stock to own in 2021, and this uptrend should continue, but in the short term I'm...
The share price of MTN Org has broken the trendline and closed above it as it makes a run for the next high at 13742.
I'm long MTN with a price target of R104. I think the bull flag forming in MTN is signalling that the uptrend is going to continue. Stop loss at R91.50. However, long term I still think it is a fantastic share to hold.
MTN BTC on Huobi - way to 1 000 000 $
The upward channel is still in play, monitor for break. Weekly indicators look edged to turn negative.
A Cup and Handle pattern has formed on JSE:MTN . The Cup with Handle is a bullish continuation pattern and as its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A...