Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian stock exchanges. It was formed by the merger of Momentum and Metropolitan in December 2010. The company participates in all aspects of short and long-term insurances and various financial services. The company was the first insurance company to achieve level 1 BBBEE status. The...
See link below for previous analysis. Momentum stock finally has some momentum. The key levels of 1283 and 1386 have held and price has broken strongly above the upper resistance line of the down-sloping channel. A key level to break above, as mentioned in the previous analysis, is 2270 to break above the previous lower high to buck the trend and make a new...
A price action above 2040 supports a bullish trend direction. Increase long exposure for a break above 2120. The target price is set at 2200. The stop-loss price is set at 1990, which is also the 23.6% Fibonacci retracement level. Remains above its 200-day simple moving average.
Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian stock exchanges. It was formed by the merger of Momentum and Metropolitan in December 2010. The company participates in all aspects of short and long-term insurances and various financial services. The company was the first insurance company to achieve level 1 BBBEE status. The...
Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian stock exchanges. It was formed by the merger of Momentum and Metropolitan in December 2010. The company participates in all aspects of short and long-term insurances and various financial services. The company was the first insurance company to achieve level 1 BBBEE status. The...
Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian stock exchanges. It was formed by the merger of Momentum and Metropolitan in December 2010. The company participates in all aspects of short and long-term insurances and various financial services. The company was the first insurance company to achieve level 1 BBBEE status. The...
MTM broke up out of a falling wedge pattern and is now retesting the breakout level at R17.70. if this level holds(also lateral support) , bulls can see a move back up to test R19.20 RR 2:1
MTM has possibly made a false breakdown below the R16.90 long term support level. Long Idea with a RR of 2:1 is in play
A price action above 1760 supports a bullish trend direction. Increase such exposure for a break above 1820. The target price is set at 1870. The stop-loss price is set at 1710. Remains above its 200-day simple moving average, conforming some elements of a bullish trend direction.
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.
MTM is holding above its yearly average and has formed a very strong base off the R16.90 level. upward move can be expected over the longer term so long as this support holds
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...
A lot of bullish things happening on this Momentum chart. 1st we have a reversal 'Cup & handle' technical formation currently playing out. The 'handle' part of that formation can also be looked at a bull flag formation that is currently breaking out. Then we have a down trendline dating back from October 2021 that is giving in. All that points to short-medium term...
Momentum has had a solid run off the swing lows Price now at 200 day moving average Oscillators overbought so will tighten stops Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a look at any chart, direct message and i will post my thoughts, Happy Trading!
Seems like momentum has taken a bullish turn, which may or not be short term. Technical analysis gives a buy signal. Momentum is to the top and Macd shows a buy. We are looking for a 13% return to the top of the downward channel, and our stop is at the bottom of the short term upward channel.
A bearish trend is applicable below 2010. Downside price momentum supports the bearish trend direction. RSI is leaving some room for further downside potential. Crossed below its 20-day simple moving average.
Price looking good here breaking out of the inner triangle price pattern closing above the EMA200 and and testing the larger triangle price pattern. Good place for long pos here decent R/R. Always manage your risk
- Price is bouncing off the 200 day and a decent horizontal support level - Oscillators turning up from oversold -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.