AG Capital -Storm trading Morning Call 3 March 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
MTN trade ideas
@VillageTraderZA Off we go on $MTNTensions between Russia and Ukraine have escalated to military war. Commodity prices rallied as the tension heightened. Brent crude made all high hitting $102.09. MTN's largest market is Nigeria which also happens to be a large supply of oil and gas. Largest in our continent & ranks 11th in the world on oil production. As NIgeria benefits from high commodity prices amid the war, so does MTN, through it’s Nigerian exposure.
Because MTN is an indirect play in the war story, as it’s neither a supplier nor consumer of oil. It’s a much better risk reward opportunity. As it stands to have much less volatility compared to the more direct plays like commodity stocks such as miners & petroleum stocks.
MTN - Short - Momentum StrategyThe three momentum indicators are all showing signs of a downward move on JSE:MTN . Entering a short position.
@VIllageTraderZA Ascending triangle forming.An Ascending triangle forming. As the gap closes. This pattern may take about 3 or so weeks to develop. Requires some patience
MTN - Loss of rising channel supportMTN has broken below support level of the rising channel it's been trading in since Nov 21. It is now trading below the 50 DMA as well.
Looking for short targets of 15400 and 13800.
@VillageTraderZA - MTN near term forecastHere's how forecast the $MTN price action to play out over the next few months.
I expect the stock to react to the R200 resistance, but make a higher lows and form an ascending triangle pattern.
Ultimately I expect the stock to break right through R200
@VillageTraderZA -MTN on the goResources have been building a rally, oil continuing its run, benefiting Sasol and MTN. Its been a generally good week for resources.
AG Capital -Storm trading Morning Call 31 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
@VIllageTraderZA Buyers defend the 50 day EMABuyers continue to defend the 50 day EMA. Looks like sellers are running out of stock as demand builds up. All the stock needs now is a catalyst
MTN not looking so AyobaAfter "topping out" MTN has now breached it's 50 day Moving average at around 159.00 and looks to making an attempt to re-test the bottom of the rising trend line. However... all momentum indicators are looking weak and if that "support is broken, I feel that 147.00 may be on the cards
Bottom of ChannelMTN sticking to support and bouncing here at bottom of the positive channel.
Indicators turning but not yet positive, monitoring for a buy positiion.
AG Capital -Storm trading Morning Call 20 December 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
@VillageTraderZA Ascending Triangle building up$MTN now forming an ascending triangle pattern. Maybe this the last bounce of the ascending support before a the R170 breakout
SIMPLE FLAG FORMATIONThe MTN Group is forming a simple correction pattern that is the FLAG.
I expect the flag to break anytime and the upward impulse to continue.
Targets remain at Rands 20K.
Good luck
MTN flagMTN pulling back in the form of a possible bull flag.
Trade ideas are my own and not financial advice.
MTNWith price over-extended in the short term, maybe a retest of the 150 area as support before next leg higher?
I reckon so!
MTN - Monthly - Super move to monthly swing highs , Ayoba!!
- I would not chase it here if you not currently in.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
MTN Looking good for a long MTN held the previous breakout level of 134.50 ( resistance turned support)
a close above 137.00 today will confirm the long entry for a 1:1.5 risk to reward
*Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
MTN bull flagMTN pulling back to support in the form of a bull flag. If the bull flag triggers first target will be R145 and above that we might see a push to R150.
Trade ideas are my own and not financial advice.
MTN - BUY THE DIPSFirst level to buy the dip reached.
Another prediction is based on the trendline analysis. If price breaks below we could have another buy opportunity at the next support.
