Peet_Serfontein

MTM: mean reverting trade?

Long
JSE:MTM   MOMENTUM MET HLDGS LTD
A price action above 1740 supports a bullish trend direction.
Further upside price confirmation for a break above 1790.
The target price is set at 1830.
The stop-loss price is set at 1710.
Remains above its 200-day simple moving average.
High likelihood of a mean reversion trade.

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