After a few doji candles, JSE:MTN has developed a bearish engulfing candle at a resistance level. This is the sign of a possible reversal. I will keep an eye on this and if it breaks lower, I will consider a short position taking it all the way to either the 200SMA or the support level at around 5500.
JSE:MTN is looking good for a long position if it breaks higher than yesterday's price action. The stochastic as well as the MACD are both showing buy signals. I'm going to wait for confirmation above yesterday's levels before entering long.
Close above previous highs of R64 will trigger the long. Keep an eye for the break. First target is R68 with 2nd target at R72.30
MTN breaking out of resistance, hoping it can move higher. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and...
MTN is forming a bearish descending triangle pattern. I recommend entering into a short position once a downward breakout occurs.
Channel based buy Possible scythe also Bullish reversal ~
Emerge Gaming signs a 2 year agreement with MTN to distribute and market Emerge’s mobile competition and tournament platform technology. Huge potential with big profits for both companies. Great exposure for EM1 with MTN being the eighth largest Mobile Network Operator in the world and the largest in Africa. MTN has committed to invest into the marketing support...
Nope, doesn't look like it's gonna breakthrough, rather getting out of this one. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way....
I'm holding MTN and want it to go higher, but it really seems to be struggling here, would need to break out of this triangle. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea based on my strategy, please consider...
MTN GROUP delivered good results but they may not matter much if oil prices don't recover soon"i still see a downwards movement on this company
A little more drop to the 78.6 Fib level then we go in with buyers to the 50.00 Fib level which is also a previous SnD
After that bearish pullback to the 60/50 Fib Zone, I am looking for more bulls to come in
On a weekly chart the stock is on a clear bear market with the big gap as the supply zone.
The MTN share price is at a very interesting inflection point. The Level of R85 is where we find both the trendline support which formed from the September 18’ lows as well as the declining channel which has formed since June. The moving averages are configured with a slight bearish bias so I would not look for extended targets here, but given that the 200 day...
JSE:MTN is bouncing off a string support level and could turn for an upward move. Stochastic is confirming the momentum.