- Super move to monthly swing highs , Ayoba!!
- I would not chase it here if you not currently in.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
MTN held the previous breakout level of 134.50 ( resistance turned support)
a close above 137.00 today will confirm the long entry for a 1:1.5 risk to reward
*Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
MTN pulling back to support in the form of a bull flag. If the bull flag triggers first target will be R145 and above that we might see a push to R150.
Trade ideas are my own and not financial advice.
First level to buy the dip reached.
Another prediction is based on the trendline analysis. If price breaks below we could have another buy opportunity at the next support.
I am keeping an eye on MTN for a pullback to support in the form of a bull flag. If a reversal occurs of support i will look for a rally back to recent highs and then to R150 as a possible second target.
Trade ideas are my own and not financial advice.
The stock had a -10% correction to the 50 day EMA repelling from it almost as if they were magnets both showing each other the same magnetic pole. The stock broke through the R133.75 resistance
JSE:MTN is looking good for a short position because the Stochastic and the MACD turned down a few days ago and more recently the EMA's have crossed downwards. I think we could see a move all the way down to the support level around 10500
RSI indicators are showing exhaustion. The stock looks overbought and is facing strong resistance at R130.
As a trader, I wouldn't want to buy the top right now. I'm looking for a pullback to (+- R115) before I enter a position again.
There is no denying that MTN has been a top stock to own in 2021, and this uptrend should continue, but in the short term I'm...
MTN starting to show weakness after a stellar run. If I was holding stock, I'd be selling right now. From a trader's perspective, MTN is at quite a significant resistance level with all momentum indicators starting to point lower. I don't think a short is out of the question here, and I also don't think a target of 115.00 is impossible either...
- A massive move on MTN over the last 2 days
- We have now entered a zone of previous support turned resistance
- It will be important to see how price reacts around this level
- Do the bulls have enough firepower to keep the momentum going ?
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Today MTN cleared R130. Up 8.51% by end of day, even after the the news out of Afghanistan. Well done to all those involved. This post however, isn't about today, last week or even last month. It's about last year March when markets were in turmoil as the Covid crisis caused havoc in all aspects of human life. At the time, as markets were falling (JSE -35%) we...
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day.
Ideas are strictly NOT investment advice.
MTN Group Ltd. engages in the provision of network information technology services. The firm offers broadband and Internet products and services and converged fixed or mobile products and services. It serves local, national and international telecommunications industries. The company was founded on November 23, 1994 and is headquartered in Roodepoort, South Africa.
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