Pairs Trade Idea: Long MTN/Short Telkom+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. by LD_Perspectives3
MTN Group: Resistance Turning Into SupportMTN 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 average which is turning up as well as above the short term 20-day 'momentum' moving average. In my view there is potential for the share to make a small retracement however traders should monitor a break of the downward trend line as a signal that the medium term momentum is starting to tick higher. On the upside, there is potential for the share to close the ‘gap’ at 10574 as well as test the downward trend line at approximately 10700c. Longby LD_Perspectives3
MTNMTN 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. by Johann89Updated 2
$JSEMTN Good results and moving northMTN posted a very good set of results today. First target seems to be around 8900. If that point of resistance is broken, we could move even higher to 9900 & 10600. One target at a time in this market.Longby KoosKanmarUpdated 3
MTN headed for gap closeJSE: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.Longby RossLarter2
MTNMTN pushes through resistance, next on its way is its 200dma, as it attempt to go for the gap.by Innocentmaponde3
$JSE-MTNJSE:MTN Results published this morning. Trying to close lower gap, top gap still open. Range bound consolidation inside down trend. by ALSITRADERUpdated 4
support trendline broken, short the network!While MTN saw strong subscriber growth outside SA, it lost 834,000 prepaid customers in South Africa from June to September 2018 and numbers are increasing every month. The company is losing customers to cheaper pre-paid options Cellphone data rules are also changing, company cashflow might be at steakShortby Kamo_Zelo2
$JSEMTNJSE: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?by ALSITRADER6
Trend-following momentum short on MTNWe have entered short on JSE:MTN because of 3 factors. EMA's have crossed downwards Stochastic has crossed down through the 80 MACD has crossed down You can also see that it has been in a down trend for a good couple of months, so it is likely that it will continue down.Shortby RossLarterUpdated 4
Flat top triangle -Wait for 9050 break on daily. Targets 99, 106Flat top triangle -Wait for 9050 break on daily. Targets 99, 106by KoosKanmar5
$JSEMTNJSE:MTN Starting to test gap and in the process making something that looks as cup. by ALSITRADER3
MTN Group - Betting On More DownsideDear Trader This afternoon MTN Group is showing signs of a potential pullback in price following the bounce from just below the R70 level over the last ten trading days. As per the intraday chart, the price is looking to roll over, while the daily chart below sees the price at the prior breakdown level and testing the rising incline support. Fundamentally, there is still uncertainty around the claim via the Nigerian Central Bank and the risk of further sanctions against Iran still loom - an area in which MTN operates. Based on this, the I see an opportunity for traders to short/sell the share on a break below the incline at approximately R85.40. Alternatively, aggressive traders could enter at current levels. Trade Levels: Short/Sell MTN at current levels R85.55 Stop-loss: R88.90 Take Profit Target: R80.00 Shortby LD_Perspectives443