A simple analysis of MTN following a 47% dip from the 52 week high.
MACD/price convergence signals the selling momentum is waning.
The resistance trendline has not yet been broken convincingly.
Use R112,62 as stop-loss level.
MACD/price convergence signals the selling momentum is waning.
The resistance trendline has not yet been broken convincingly.
Use R112,62 as stop-loss level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.