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MTN GROUP LTDMTN GROUP LTDMTN GROUP LTD

MTN GROUP LTD

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MTN trade ideas

MTN - Potential Cup & Handle continuation pattern formingIt seems that a Cup & Handle pattern is forming on the Daily chart(marked in YELLOW) For some technical details of the pattern you can visit the link below: www.tradingview.com TRADE IDEA (longer term swing trade) 1) Wait for confirmation break above 7100 to validate the pattern 2) ENTRY break of 7100 3) STOP < 6500 4) TARGET 8700 - 8800 (pink line) The above is only my analysis and the way I'll trade it, but not a trade recommendation.
JSE:MTNLong
by Lifesong
MTN Cup and handle against longterm downtrendThinking MTN looks like a good buy: Maybe premature, but with current optimism, and relatively low oil prices I think there is a lot of scope upwards (?) Nice Cup and handle forming coinciding with long-term downtrend resistance. Probably more likely that price could break higher with more risk to the upside than to the downside. Thinking we might possibly test 2019 high should the above pan out? Waiting for breakout, alternatively with oil's big rally yesterday, I am waiting for $1,50 pullback for oil based entry, but might have missed it already. Honestly, just throwing some ideas around - speculative opinion, not advice.
JSE:MTNLong
by edscommodities
Some pressure on MTNThe share broke out of the bearish flag, however, there are buyers of MTN around the R53.60-R53 level holding off the selling pressure. The sellers seem to be quite stronger than the buyers as the share has been making lower highs and lower lows (more visible on the daily chart). Should the sellers push the price to around the R51.80 level where most stops could be sitting. Most of the bulls could feel some pain and their exit could further put pressure on the share. Weekly plan: villagetrader.co.za
JSE:MTNShort
by VillageTraderZA