MTN GROUP LTD

JSE

MTN

This stock recently broke out of a descending trendline,and is currently retesting either the trendline itself or a support zone. I am of the opinion that t his stock will resume going up once enough buyers enter the market. Traders can possibly look to enter a long position at the 9 615 level, which rep[resents a support level.

targets are on the chart

We are expecting a rise on MTN following a breakout and retest

- 20 EMA starting to turn up slightly. - RSI firming up. - MACD pending center line cross. - VOD pending breakout. - MTN bear flag building.

MTN looks strong with a nice W bottom here I would be a buyer in the green feels like someone is front running here time will tell For now on shorter TFs this looks good

I don't want to use this chart to give targets but merely as an illustration of what a very strong technical chart looks like. Firstly as can be seen by the price action we have seen successive higher lows and higher highs on MTN which is very much a characteristic of bullish chart. Adding to that, we have also seen all the major moving averages cross upward and...

After a channel break and a retest of this channel, this one could make another run for 10600 and 10950

MTN H4 (240 Minute) Timeframe Reasons For Entry : - FTR - TRIANGLE Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors.

Initially had targets of 9900 and 10600, but there is also a gap sitting a little higher at 10965. Maybe worth keeping to see if the upper gap gets filled sometime into the future before taking final profit on this one.

MTN definitely back on the radar. After a few years of constant bad news, good news lately pushed the share price above its diagonal resistance line, which started in January 2018. Over the shorter term, the 14 day RSI are indicating that $JSEMTN are extremely overbought. Should the share price take a bit of a breather, a close below R92 would put the company back...

This morning MTN went as high as R98.51, hitting a 8.5 month high.

JSE:MTN is on the verge of breaking through an ascending triangle pattern. If it breaks through convincingly, I will enter a long position with the target around the level of the close of the gap from August last year.

Once again up against resistance in this channel. The hope is that it breaks to the upside to reach 99 & 106 targets.

+MTN/-Telkom: Pairs Trade Idea. The pair is at 2006 levels. The weekly chart sees the Relative Strength Index attempting to regain bullish territory. Daily Chart sees a pending break of the 50/20/10 EMA’s while the RSI is also attempting to regain it’s bullish territory.

MTN Group: Zooming out to the daily chart, the share trades just above the resistance level that has been in place since 30 August 2018. What we’re now starting to see is a short term consolidation with the potential for a break of the downward trend line that has been in place since 13 March. At current levels, the price trades just above the 50-day moving...

MTN basically unchanged today after after news from Nigeria that the Nigerian government lawyers said that MTN has evaded taxes. The shake down in Nigeria continues ... It's quite telling that MTN made this recovery after a near 7% drop, clearly investors aren't "buying" this shake down anymore.

JSE:MTN Bullish flag.

JSE:MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close. Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.