What Next For MTN Nigeria StockWhat Next For MTN Nigeria Stock
This stock has lost over 40% of its peak value.
I am beginning to think that this asset may fall to 160 naira if fundamentals doesn't change.
MTNN trade ideas
$MTNN MTN almost 50% retracement from all time high...NSENG:MTNN MTN Nigeria just had about a 50% retracement from an all time high of 319naira/share.
Current Price: 170
#MTN price action previously rose through it's rising channel from 159 to 319.
Currently, price action is at the bottom of this channel, making for a low risk buy zone (btw 159-180).
Time to buy MTN Nigeria shares?
MTN ANALYSIS On a weekly chart the stock is on a clear bear market with the big gap as the supply zone.
Now is the good time to bargain for MTN Nigeria StockWith newly introduced stock into the Nigerian Stock Exchange, MTN is now looking for a support zone to hold its pullback price. A price below 132 will apparently not be a bad idea for the moment...
MTNN WEEKLY REVIEW.WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS :
1. WEEK ONE :
Sell pressure the stock fail the maintain the weekly high.
