Close above R60 triggers gap close at R62 and further gap at R76
Trade active:
Long trade has been triggered. Long from R62. First target R68 and 2nd target is the close of the gap at R76
Trade active:
Great retest of the break out level yesterday at R60 with decreasing volume. This morning we had a good trading statement out from MTN and we could see further upside from here. Big short interest in this stock as well.
Trade active:
After a great trading statement last week, MTN released a 2nd tradings statement stating that they will be cutting their dividend for the year. This was not received well on Friday and stock closed below R60. A close below previous swing lows of R56 will put this trade out.
Trade active:
MTN idea is starting to lose momentum. After releasing earnings it has struggled to get going and it can't seem to stay above R60. A close below R56 would mean this trade needs to be closed.
Trade active:
First target was reached on Friday at R68 and now our full target is in plat at R76. We can now start trailing our stop on Friday's low at R65.40.