Short triggered on MTNA short position has been triggered on JSE:MTN after it broke through an upward trend line, effectively reversing the trend. This is coupled with signals for a downward move on the stochastic and the MACD. We are looking to reach a target at the R82 level.Shortby RossLarter0
Picking bottoms in MTNWell, this is very much against the trend, but there could be a triple bottom forming. Buying here gives us a 1:3 risk-reward ratio, which we think is attractive. Our trade is from this support level to the 200-day moving average. Should the triple bottom formation play out, it opens for a target weLongby Herenya2
MTN Long triggeredA long position was triggered on JSE:MTN this morning with the high of the day so far. It has retraced since and is testing the support level, but once it breaks through, we should see a clear path to our target at the R117 resistance level.Longby RossLarter0
MTN ShortWe are in a short position on JSE:MTN and although today's price action is an upward move, I am confident that the prevailing downward trend will remain. We are aiming for the target at around the support level of the R91 area.Shortby RossLarter0
MTN - Potential Long Position coming upA 5 fractal formed on the 29th of September which caused us to draw a downwards resistance trendline. This line was broken yesterday after it formed a bullish engulfing candle on Wednesday. This engulfing candle is at a strong support level so it bodes well for an upward move. We are still waiting fLongby RossLarter0