MTN trade ideas
MTN - Tags 200ma Daily- As per our previous post on MTN where we were targeting the 200ma on the daily, price has tagged the level.
- The gap above (R70) now becomes the next level to target, perhaps after some consolidation and close above the 200ma
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
MTN Update: Short Term Trade ClosedTrade Idea Update on MTN Group | On Friday, MTN Group released a trading statement notifying the market that Headline Earnings Per Share would be higher by 100%. This saw the stock rally significantly, adding 10.72% by the close of the session. Friday's close of R66.40 also managed to surpass our trade idea target price and for traders who participated, the gain from the recommended entry on 16 July was 12.8%.
MTN Break OutMTN breaking out of resistance, hoping it can move higher.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
$JSEMTN - Another gap filledMTN has now closed its second gap on the way up. Next target GP no.3 at R75?
MTN - Trending up slowly but surely- MTN continues to edge its way upwards towards the daily 200 ma
- Any break below the trendline or lower lows could signal a bearish change in direction
- Better entries will present themselves on smaller time frame / pullbacks.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:MTN
MTN Group - Buy $JSEMarket currently forming a correction to retest 5498 price area, I expect it to find support there and create opportunity to buy and take profit @ 7500.
MTN Group in a Major Demand AreaA Masterpiece Technical Setup on Mtn Group! Epic Buying Opportunity with Low Risk and High Reward...Keep an Ear on the Fundimentals!
Watch that supporting trendline!
Buy against the supply!
Weekly game plan 5 July 2020 - MTNNice flat top triangle setup on MTN. A high volume breakout would be fantastic.
MTN MTN Group, 5498c
I think it's worth watching MTN at current levels. Attached is the hourly chart, where the share has traded in a month-long sideways to gradually downward consolidation range. Several attempts to clear resistance have been unsuccessful however we know that more times a price tests a level, the greater the chance are that it breaks through it. What would we like to see? We'd like to see the price continue to hug the top of the channel combined with strong candle structure and preferably strong bids . This could give us further conviction that an upside break is possible in the near term. The RSI (lower panel) is attempting a break of resistance, which adds further comfort for upside pressure.
What's the downside risk?
1. Price: a swift break and move to below 5295c
2. Market: a change in overall market sentiment (highly probable)
3. A move lower in oil (Nigeria being a large revenue contributor).
On the upside, a break and close above 5580c would shift the bias in favor of the bulls.
MTN Bullish SND Set-upWow what's happening here, -soo it seems to me that it will try to take out 5645 to make a demand zone; -it's bullish but...a note for the 5870, I think bears are strong there.
Alright then, take care.
All our market shared technical set-ups are speculative and not guaranteed, the analysis, ideas and also, the strategy of a chart belongs to Charts34T ; - it is not a market advice. You are both responsible and liable for your own account.
MTN failed breakthrough of triangle Nope, doesn't look like it's gonna breakthrough, rather getting out of this one.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
MTN struggling here to break throughI'm holding MTN and want it to go higher, but it really seems to be struggling here, would need to break out of this triangle.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
$JSEMTN Channel break and retest - Looking bullishMTN broke out of this channel for a second time, retested the channel break, and is moving higher. This is usually a bullish signal. R66 is the target on this one.
