MTN
Ascending Triangle MTNJSE:MTN is on the verge of breaking through an ascending triangle pattern. If it breaks through convincingly, I will enter a long position with the target around the level of the close of the gap from August last year.
MTN headed for gap closeJSE:MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close.
Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.
