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Loyiso_BlaqueSoros_Mpeta
Jan 24, 2023 7:36 AM

$JSEMTM - Momentum Met Hldgs: A Change of Trend On The Horizon? Long

MOMENTUM MET HLDGS LTDJSE

Description

Since peaking at an all time high of 3475 zac in 2015, MTM stock has been in a bear market that made a low in October 2020 at 1282 zac for a 63% decline in value.
The bear market has characterized by a classic sequence of lower highs (LH) and lower lows (LL).
The 1386 low in mid 2022 gives hope that this trend has been bucked and a trend change is on the horizon.
A break above 2270 zac will provide an extra confirmation that the trend is changing as the LHs will be broken.
It is critical for 1282 zac to remain intact.
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