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JSE:MTN If you believe that "From false move comes fast move" than you should be shorting $JSEMTN here.
JSE:MTN Stuck in consolidation (flat top triangle) consolidation for some time. Trading statement this morning and looks market likes it so far. Break above 9600/9650 will open target around 10000/10100.
Following this accumulation range since November 2018 and the markup continues to play out with a series of stepping stone reaccumulation ranges.
JSE:MTN Currently pulling back to back test resistance now support around 10600 area. Target still around 11800. Clearly defined up channel made and will probably respect it for days to come.
JSE:MTN Trying to break 10600 level after consolidating in range for few weeks. Break above 10600 will open target around 11600.
JSE:MTN Results published this morning. Trying to close lower gap, top gap still open. Range bound consolidation inside down trend.
JSE:MTN Caught between rock and hard place (two gaps). Flat top triangle with false break and now back to test and break bottom of the triangle. Will it close bottom gap?
Since the end of August volume has been high on MTN indicating that someone is buying while everyone else is panic selling. Last week was the highest volume since October 2015. Following the Wyckoff logic we expect a Automatic Rally (AR) which will form the upper bounds of a Trading Range (TR). We will then have to watch if this is another redistribution or accumulation.