MTN Bouncing off supportJSE:MTN is looking good for a long position if it breaks higher than yesterday's price action. The stochastic as well as the MACD are both showing buy signals. I'm going to wait for confirmation above yesterday's levels before entering long.Longby RossLarterUpdated 3
MTN GROUPalways remember that nothing is guaranteed in the market, setups are often invalid. This is based on what we see on the charts, the chart is currently showing downside movement for mtn group. like and follow to see more updates and analysis. Shortby Agink0
MTNFollowing two weeks of higher lows, the share closed above 56.80/57.00 resistance zone as well as above 50-DAY EMA. RSI shifting to 'Strong' from 'Neutral'. Upside targets: 59.70/61.05. Weak below 55.25. This chart forms part of a broader trading plan and should not be considered financial advice.by LD_Perspectives8
Some pressure on MTNThe share broke out of the bearish flag, however, there are buyers of MTN around the R53.60-R53 level holding off the selling pressure. The sellers seem to be quite stronger than the buyers as the share has been making lower highs and lower lows (more visible on the daily chart). Should the sellers push the price to around the R51.80 level where most stops could be sitting. Most of the bulls could feel some pain and their exit could further put pressure on the share. Weekly plan: villagetrader.co.zaShortby VillageTraderZA0
MTN - Forming a base at R54Managing to hold and close above R54 for the last couple of sessions. This could have a nice R:R should it stay above R54. Stop loss is a break of R53 with first TP at R57 and full target at R60 Longby JonathanOtero7fUpdated 443
MTN GOING BULLISHMTN has just broken down out of a long term upward trend. It is finding strong support at current levels, and a break above 5718 could see it go all the way to 7292. It must however be noted that it is up against a strong trendline downward. I will have to keep the faith with this one.Longby AWPEARCE11
#MTN - LONG SWING IDEA- Price has reached oversold levels close to the 100ma and an area of horizontal support - Short term down trend has been broken and price action giving clues of reversal - Looking for a swing trade back towards the R73 level JSE:MTN -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanUpdated 0
MTNMTN not looking good; be it on the daily, weekly or monthly. Price attempting to break neckline of a H&S pattern on the daily, which has a measured target around 45/46.Shortby Innocentmaponde336
MTN - Bull flag in the makingClose above previous highs of R64 will trigger the long. Keep an eye for the break. First target is R68 with 2nd target at R72.30Longby JonathanOtero7fUpdated 2
MTNMTN a huge rising flag pattern the lower trend line has been broken and it seems to be retesting the trend line i still see more selling pressure to come out of this oneShortby Sbo_Dhlamini0
MTN fighting longer term down trendZooming out on MTN it seems like it's at a prominent down trend line, monitor if it breaks or holdsby TradingMzansi2
MTN - Tags 200ma Daily- As per our previous post on MTN where we were targeting the 200ma on the daily, price has tagged the level. - The gap above (R70) now becomes the next level to target, perhaps after some consolidation and close above the 200ma -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-Dan8
MTN Update: Short Term Trade ClosedTrade Idea Update on MTN Group | On Friday, MTN Group released a trading statement notifying the market that Headline Earnings Per Share would be higher by 100%. This saw the stock rally significantly, adding 10.72% by the close of the session. Friday's close of R66.40 also managed to surpass our trade idea target price and for traders who participated, the gain from the recommended entry on 16 July was 12.8%. by LD_Perspectives6
$JSEMTN Bouncing off supportTwo targets looming 6600 and 7500 for a gap close. Longby KoosKanmarUpdated 7
MTN - Ascending TriangleClose above R60 triggers gap close at R62 and further gap at R76Longby JonathanOtero7fUpdated 10