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Jsemtn

MTN Rev Cup and Handle on Daily showing strong upside to come Rev C&H has formed on MTN. The price has broken above the brim level and also it's broken above the downtrend since 11 March 2022. So this looks good for upside. However there is a warning. 7>21 RSI>50 Target R165.39 WARNING: I never ever get MTN right in all my 20 years of trading the JSE, so take this with a pinch of salt. MTN is on my S&^t list and yet, I try do an analysis every few months. Has a mind and personality alone.
JSE:MTNLong
by Timonrosso
3
MTN neutral stand with a bullish bias with to R157.65 -Confused?Box Formation formed on MTN and the Prev. trend up We need the price to break either ABOVE or BELOW the formation before I make any decisions. The funny thing about MTN is how consistent the sideways moves have been for decades. It has a personality of its own and is only something you pick up after being in the markets for a few decades. Anyway, I like to think my bias is bullish but the signals are mixed. 21>7 price>200 - Mixed RSI<50 - Bearish Bias bullish target R157.65 ABOUT MTN Group Limited (over R200 billion market cap) is a multinational telecommunications company headquartered in Johannesburg, South Africa. The company was founded in 1994 and has operations in over 20 countries in Africa, Asia, and the Middle East. MTN is the largest mobile network operator in Africa, with over 280 million subscribers The company offers a wide range of telecommunications services, including voice and data services, mobile money, and digital services. In addition to its mobile network operations, MTN has also invested in a number of other business ventures, including e-commerce, fintech, and energy services.
JSE:MTN
by Timonrosso
1