I am the absolute worst person to do analyses on MTN. I never get it right (over the last 20 years), and yet I keep providing analyses. SO if you want to actually make money with MTN, just do the opposite of what MATI Trader system says lol. W Formation (Breakout) Price above 20 and 200MA Target R131.91. So in other words SELL and don't listen to me.
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...
Head and Shoulders formed on MTN a month ago. We did this prediction analysis showing the market entering into a bear market. Also, the price broke below the neckline showing downside to come. Price<200 21>7 - Bearish Target is still on board to R90.29 SIDE NOTE and TIP: Banks, Insurance and Telecomms are normally the ones to crash first before the rest of...
Head and Shoulders formed on MTN yet again. Price<200 21>7 - Bearish RSI<50 bearish Target R90.29 SMC (Smart Money Concepts) Bearish Fair Value Gap formed hence the big candle down. Now due to the 1st and 3rd candle not overlapping, means we can expect the price to move up close the gap before moving down again This gives a buy signal on the short term side...
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...
MTN Cup and Handle formed and the price has broken up and out of the brim level. We are however seeing mixed signals. 7>21 <200 - Mixed RSI>50 - Broken buy divergence Also the price has come down which gives a conservative entry. Bullish bias Target R168.75 CONCERNS: MTN for over a decade and has been on my naughty list. It seldom works with the system and it...
MTN 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 one
JSE:MTN Inverted head and shoulders in making. Neck line around 8950-9000 zone. Break above will send price towards 10000.
JSE:MTN Holding 8400 for now, bounce towards 9000 possible. Break bellow 8400 will target gap close.
JSE:MTN If you believe that "From false move comes fast move" than you should be shorting $JSEMTN here.
JSE:MTN Consolidates in box. Close bellow 9200 will probably open target around 8500.
JSE:MTN Stuck in consolidation (flat top triangle) consolidation for some time. Trading statement this morning and looks market likes it so far. Break above 9600/9650 will open target around 10000/10100.
Hoping $MTN has the legs to break up through the downtrend.
JSE:MTN Break bellow 9800 will probably target 8800 in days to come.
Following this accumulation range since November 2018 and the markup continues to play out with a series of stepping stone reaccumulation ranges.