MTN GROUP LTD MTN

techpers Premium

Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative...

AWPEARCE1

Price has broken out of a declining wedge within a bullish channel. It may be giving a perfect good by kiss on the declining wedge which also coincides with the EMA50.I Will buy above 13981 with a target of 15979. Stop loss at 13000.

RossLarter Premium

JSE:MTN is looking good for a short. If triggered, we are aiming for a move down towards the R107 area.

techpers Premium

MTN GROUP (MTN) - On Monday 24 October I discussed the share potentially trading lower and rebounding off the trend line (lower boundary). Subsequently, we saw a sell-off on the same day, followed by a strong reversal in the following session, with continued upside through to Friday and a six-week high of 13881c. Potential upside resistance is the channel trend...

runyamhere Premium Updated 

MTN has been in a downtrend ever since hitting the grey trendline, it has formed a falling wedge (the pink trendlines. The intersection of the trendlines and blue horizontal support is a good spot to seek a bottom. Ideal to open a long position on the confirmation of a swing low, then scale in when price closes above the 10 week moving average and fully...

Trend_Trader_JSE Premium

JSE:MTN is at an area of value. Given the tough market conditions I won't be surprised if it moves lower.

Loyiso_BlaqueSoros_Mpeta Premium

A simple analysis of MTN following a 47% dip from the 52 week high. MACD/price convergence signals the selling momentum is waning. The resistance trendline has not yet been broken convincingly. Use R112,62 as stop-loss level.

Trad3r_16 Premium

MTN has managed to reclaim long term support (TL) but is now facing a little resistance at R133.50 - downward TL. A close above R137.59 would probably see it make a move higher towards its 200DMA. We wait for confirmation of a breakout before entering a long.

Innocentmaponde Premium

Loss of neckline support on MTN could target 85 next. It's a technical Head & Shoulder pattern in play.

Timonrosso Pro

Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10

TRIPPYHUSSLE

MTN monthly candlesticks have printed out a nice break and pullback to the previous support level that has become resistance and has reacted accordingly with some bearish momentum over the past few months, I therefore expect a longer term bearish view on MTN stocks to somewhere 2682 ZAC.

Trader-Dan Premium

MTN has had a torrid August and is approaching a 'minor' support were the downward pressure could ease. Only a daily close above the previous day high will signal an indication of the bulls attempting to fight back. Oscillators are in oversold territory . -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Premium

Something brewing on this stock...13 sessions straight down on this market darling . I'm sure it will be made known to the market soon 🧐 JSE:MTN

Trend_Trader_JSE Premium

JSE:MTN weekly close will be interesting. The stock has been on a downtrend for a while now. It opened the week, weak, and a close below R130/share can see it test R122, or worse, R108. Tread carefully.

Trend_Trader_JSE Premium

JSE:MTN is back at an area of value. The stock attempted to rally following the proposed JSE:TKG takeover, both stocks enjoyed a mini-rally. The rally ran out of steam last week, and now JSE:MTN is back at the support level. A catalyst is needed here to push the stock up, otherwise a potential breakdown may play out. No position.

T2TWELL Premium

MTN could offer a good long if today ends green back above the R145 level

Trader-Dan Premium

Now that's the candle i want for my birthday 🤪 Massive day yesterday for MTN off the back of earnings, 200 day likely next target -- MANAGE YOUR RISK - - 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!

TradingMzansi

Liking MTN here for a long, broke through the resistance and came back to retest. Hopefully market turmoil doesn't get in the way. What do you think about this setup?