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
Good setup opportunity to go longBig opportunity for JSE stocks traders.... if this count is correct MTN will reach sky high from 8899-2400Longby Absalon_Khoza3