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Mtnlong

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
MTNL may be good choice for cheap thrillersNSE:MTNL On monthly chart of MTNL its looks like accumulating between the are of 9.75 and 39 which may be a good chance for long term investors. chart of the same is attached below. On weekly chart though it has given a breakout to the ascending triangle (I don’t follow this kind of patterns. I just draw up and down trend line as chart suggests me) and breakout seems to be solid. I personally would prefer to trade this counter for short term with target of 40-45 by keeping my SL at 9-8 current market price is at Rs.12/-. Do note there was been news about merger of MTNL with BSNL and I don’t know the result of the same. Stock just pop in my screener and chart confirms bullish move hence sharing the same with you all. So before going for investment or for short term trade take a advice of your financial adviser. one can consider this only for educational purpose.
NSE:MTNLLong
by PriceVolumeRider