MTN GROUP LTDShort
Trend-following momentum short on MTN
Updated
We have entered short on MTN because of 3 factors.
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.
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.
Trade closed: stop reached
Stop reached on 27 Dec
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