MTN has formed saucer with handlei see MTN breaking out the range, please beware i am amteurby Millionaireportfolio0
Cup & Handle on MTNA 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 subsequent breakout from the handle's trading range signals a continuation of the prior advance. I will look to enter long if it breaks above the high of 11 Nov with a optimistic target at the resistance around the 8800 level.Longby RossLarter114
Bearish engulfing candle at resistance.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.Shortby RossLarterUpdated 112
Nice Cup and handle on MTN MTN is looking for a turn to the upside. looking like it wants to break outLongby VillageTraderZA0
MTN - Potential Cup & Handle continuation pattern formingIt seems that a Cup & Handle pattern is forming on the Daily chart(marked in YELLOW) For some technical details of the pattern you can visit the link below: www.tradingview.com TRADE IDEA (longer term swing trade) 1) Wait for confirmation break above 7100 to validate the pattern 2) ENTRY break of 7100 3) STOP < 6500 4) TARGET 8700 - 8800 (pink line) The above is only my analysis and the way I'll trade it, but not a trade recommendation. Longby Lifesong2
Hot tea??Can we sip on a hot tea at MTN this coming month and end the year on a better note??Longby Mars_African_EmpireUpdated 222
JSE-MTN: Rounded bottom (D)JSE_MTN: rounded bottom pattern forming and will confirm with a close above 6773. Upside TP of 8278 is possible PS: Stock looks overstretched as 14 day RSI nears the threshold of 70 by TiggzzPhiUpdated 1
MTN Cup and handle against longterm downtrendThinking MTN looks like a good buy: Maybe premature, but with current optimism, and relatively low oil prices I think there is a lot of scope upwards (?) Nice Cup and handle forming coinciding with long-term downtrend resistance. Probably more likely that price could break higher with more risk to the upside than to the downside. Thinking we might possibly test 2019 high should the above pan out? Waiting for breakout, alternatively with oil's big rally yesterday, I am waiting for $1,50 pullback for oil based entry, but might have missed it already. Honestly, just throwing some ideas around - speculative opinion, not advice.Longby edscommoditiesUpdated 2
MTN Bouncing off supportJSE: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.Longby RossLarterUpdated 3
MTN GROUPalways remember that nothing is guaranteed in the market, setups are often invalid. This is based on what we see on the charts, the chart is currently showing downside movement for mtn group. like and follow to see more updates and analysis. Shortby Agink0
MTNFollowing two weeks of higher lows, the share closed above 56.80/57.00 resistance zone as well as above 50-DAY EMA. RSI shifting to 'Strong' from 'Neutral'. Upside targets: 59.70/61.05. Weak below 55.25. This chart forms part of a broader trading plan and should not be considered financial advice.by LD_Perspectives8
Some pressure on MTNThe share broke out of the bearish flag, however, there are buyers of MTN around the R53.60-R53 level holding off the selling pressure. The sellers seem to be quite stronger than the buyers as the share has been making lower highs and lower lows (more visible on the daily chart). Should the sellers push the price to around the R51.80 level where most stops could be sitting. Most of the bulls could feel some pain and their exit could further put pressure on the share. Weekly plan: villagetrader.co.zaShortby VillageTraderZA0
MTN - Forming a base at R54Managing to hold and close above R54 for the last couple of sessions. This could have a nice R:R should it stay above R54. Stop loss is a break of R53 with first TP at R57 and full target at R60 Longby JonathanOtero7fUpdated 443
MTN GOING BULLISHMTN has just broken down out of a long term upward trend. It is finding strong support at current levels, and a break above 5718 could see it go all the way to 7292. It must however be noted that it is up against a strong trendline downward. I will have to keep the faith with this one.Longby AWPEARCE11
#MTN - LONG SWING IDEA- Price has reached oversold levels close to the 100ma and an area of horizontal support - Short term down trend has been broken and price action giving clues of reversal - Looking for a swing trade back towards the R73 level JSE:MTN -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanUpdated 0
MTNMTN not looking good; be it on the daily, weekly or monthly. Price attempting to break neckline of a H&S pattern on the daily, which has a measured target around 45/46.Shortby Innocentmaponde336
MTN - Bull flag in the makingClose above previous highs of R64 will trigger the long. Keep an eye for the break. First target is R68 with 2nd target at R72.30Longby JonathanOtero7fUpdated 2
MTNMTN a huge rising flag pattern the lower trend line has been broken and it seems to be retesting the trend line i still see more selling pressure to come out of this oneShortby Sbo_Dhlamini0