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MONTAUK RENEWABLES INCMONTAUK RENEWABLES INCMONTAUK RENEWABLES INC

MONTAUK RENEWABLES INC

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MKR trade ideas

MKR.JSE Montauk Renewables. Trend Cloud Study.Montauk Renewables - Bio-Gas Supplier as we all know. This Chart Depicts the Highly Cyclical nature of these Commodities. It's one to Trade, not a long Term Investment. The recent sell-off could soon offer an Entry Opportunity. But we need to wait for a decent reversal of the current Down Trend. My last Trade yielded +60%. However only had R5000 in. But I shouldn't complain about that. As always, please get a few outside Expert's Advice before taking Trade or Investment decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
JSE:MKRLong
by hitchcoxg
$JSEMKR - Montauk Renewables: Down, Down, Down, She GoesSee link below for previous analysis. Montauk recently released it FY'23 annual results and they were not pretty. The renewable-energy company posted fiscal 2023 earnings of $14.9 million, or 11 cents a share, down from $35.2 million, or 25 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $20 million, or 15 cents a year. Revenue for 2023 was $174.9 million, down from last year's $205.6 million and below the $185 million analysts were expecting. The company said lower prices for natural gas and renewable identification numbers, used to track renewable transportation fuels, resulted in lower revenue for the year. For 2024, Montauk expects renewable natural gas revenue to be $195 million to $215 million, and expects RNG production volumes of 5.8 million to 6.1 million MMBtu, above this year's RNG production of 5.5 million MMBtu. Technically, the big bear Elliott Wave pattern looks to be unfolding as a zig zag with the stock in wave 3 of (C). I will maintain a bearish stance until the completion of wave 5 of (C).
JSE:MKRShort
by Loyiso_BlaqueSoros_Mpeta
1
$JSEMKR - Montauk Renewables: Consolidation Or Turnaround?Montauk had a good run since listing on the JSE in January 2021. Since hitting an all time high at 36200, the share has lost almost 53% and could present good buying opportunity at current levels. The technical structure is still unclear though there are early indications that the selling pressure is waning. The MACD is moving strongly upwards towards the zero line and the share price action is forming a contracting triangle. There is no clear signal yet but this is one to keep an eye on.
JSE:MKR
by Loyiso_BlaqueSoros_Mpeta
Can $MNTK continue to lead the Utilities sector?Notes: * Recent IPO with steady up trend * Not the best earnings in the recent quarters * Basing for the past ~3 months * While basing it bounced off of its IPO highs around the 13.8 area * Recently breaking and holding above a pivot area between 16.65 and 16.9 * Daily and weekly volume seems to be indicating buyers coming in and the UD ratio seems to be indicating the same Technicals: Sector: Utilities - Utilities - Diversified Relative Strength vs. Sector: 10.61 Relative Strength vs. SP500: 35.4 U/D Ratio: 0.96 Base Depth: 46.96% Distance from breakout buy point: -15.4% Volume 31.76% above its 15 day avg. Trade Idea: * You can enter now as the price is holding the 16.9 area as support * If you're looking for a better entry you can wait to see if it retests the 16.9 area again.
NASDAQ:MNTKLong
by HaseebKhan_90