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MTN
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MTN GROUP LTD

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MTN trade ideas

MTN 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.

Short

by Trend_Trader_JSE

Daily Levels: NPN, FSR, MTN Daily Levels: NPN, FSR, MTN Subject to change based on price action (updated daily).

MTN Seeking a Daily Low MTN is seeking a daily chart cycle low, the first out of a weekly low. This is a good point to buy if one missed the it.

Long

Updated

MTN 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.

by Trend_Trader_JSE

MTN going up to R136.82 before going down to R90.29 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 with the Bearish FVG to R136.82

Short

MTN- SELL If you were fortunate enough to catch the rally, now would be the time to sell (if you didn't get out at the top). Today's price action suggests that MTN is breaking below the all important 200 day Moving average. Should the share price end the day below that, any follow through from there could likely see the stock drift lower all the way back towards major support which I would place between 122.00/125.00. That might open the door to take up a long position from there. But for now it looks like a strong sell...

Short

Updated

MTN - Area of strong support MTN is currently finding itself testing double TL support. Share sold off quite heavily yesterday and seems like it might be overdone. Should support fail here - around 124 - we could see another down leg to 110. Stop loss on a close below 109.90

Long

MTN Fighting MTN holding above the line for a while now, think it might swing down to test channel again

by TradingMzansi

MTN neutral stand with a bullish bias with to R157.65 -Confused?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 think my bias is bullish but the signals are mixed. 21>7 price>200 - Mixed RSI<50 - Bearish Bias bullish target R157.65 ABOUT MTN Group Limited (over R200 billion market cap) is a multinational telecommunications company headquartered in Johannesburg, South Africa. The company was founded in 1994 and has operations in over 20 countries in Africa, Asia, and the Middle East. MTN is the largest mobile network operator in Africa, with over 280 million subscribers The company offers a wide range of telecommunications services, including voice and data services, mobile money, and digital services. In addition to its mobile network operations, MTN has also invested in a number of other business ventures, including e-commerce, fintech, and energy services.

Bullish Pennant on MTN 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.

Long

MTN breakout out of the base?MTN is looking like its breaking out of its base. After breaking and retesting the 200 day EMA. This MTN chart looks rather bullish. Its looking well poised from to return to the R200 highs.

Long

by VillageTraderZA

MTN Cup and Handle target to R168.75 - But warning!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 yields very slow results and returns when it does.

Long

MTN Pushes On MTN seemed to shake off the bad news and is heading for top of channel.

Long

by TradingMzansi

MTN 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.

Long

by Trend_Trader_JSE

Feels like it has based and ready to blast off MTN is looking like a stock that has completed its basing pattern and ready to blast off and run. However waiting would be important for a real breakout.

Long

by VillageTraderZA

MTN MTN Group (MTN) | Strong upside follow-through from prior bull-bear pivot at 12189c to test (flagged 19-December) to test a high of 13742 on Friday. SENS after market close with relating to Ghana tax issue could be the reason it will have to pull back from resistance. My price action data states ‘approaching overbought’.

MTN JSE:MTN attempting to move up. Maybe there will be a confirmation on Monday, or it'll be too late.

by Trend_Trader_JSE

MTN position triggered 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

Long

MTN still trading in a bigger downtrend MTN is still trading in its longer term bearish channel after price rejected its 1 year moving average during early December so long as the bears can keep prices sustained below the R143 mark there should be more downside to come

Long View: MTN MTN initially broke the down channel but it didn't last long, monitoring this current position to see if it can move up from here. I would like to hear your thoughts, let me know.

Long

by TradingMzansi

MTN A few days ago (see original post attached) I mentioned 12189c as a key (potential) reversal level. This was identified via my Automated Price Action Guide as the bull-bear pivot. On Monday we saw the share trade below this level before quickly reclaiming it to close the session higher by nearly 400c (a great opportunity for intraday or ultra short term traders). For more research insights, including trade ideas, get in touch today.

MTN Levels I would be considering going into next week. The table is via my automated price action model (which is subject to daily change). For more research insights, including trade ideas, get in touch today.

MTN ready again The stock, just like most that rallied pre-lockdown, is completing Wave 4 Correction. After a Correction comes a rally.

Long

by KatlehoThaba

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