MTN trade ideas
MTN GROUPMTN Group Limited, formerly M-Cell, is a South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg.
This might be a potential rise in the share price of the Company for MTN.
MTN looking like its changing gearsMTN looking good, moving to a higher box, and the 30w EMA is close to crossing the 60w EMA as well
MoMo upside for MTN?Very interesting level for MTN currently. I see in the media that JPMorgan last week upgraded the company, with a target price of R110. It has now reached its short-term resistance level and with the 14-day RSI trading at EXTREME OVERBOUGHT levels, could see some interim profit-taking. The momentum however is strong and with the fundamentals improving, do concur with the current JPM valuations.
MTN rectangle consolidationMTN is consolidating between R71 and R73. A break on either side would decided which direction we go although currently the trend is up so probabilities are on the long side.
MTN'Politics' aside, short term trend is still up on the MTN daily chart.
Technically we have what looks like an ascending triangle chart pattern, which, if confirmed, could take price above 90-100 in the short-medium term.
MTNHi there,
This is a first publishing a technical analysis here. I am fairly new to trading and TA, so any constructive feedback would be most welcome. Let me know what you think of this idea.
Not financial advice, just my opinion.
Where to for MTN?The upward channel is still in play, monitor for break.
Weekly indicators look edged to turn negative.
#JSEMTN - Decent Pullback-After the news out of Nigeria, MTN has pulled back to the "ambush zone" of the last leg up
- I will start accumulating from these levels for a relief move back up...
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
MTNMTN Group (MTN) | The price has developed a cup and handle technical pattern however ultra short term supply remains in the range of 7075-7115c range. For traders, we want to see this zone being held as a trigger which would open up 7312c as a first target while maintaining 6710c as a stop-loss up the aforementioned being triggered.
This chart forms part of a larger research note.
MTN Trade setupMTN Group is still strongly bearish in the short term. A good recovery entry should be around the 5000 level to 7800 level. Note the daily downtrend is strong and the price struggled to break it or fill the early March gap. If it is broken, wait for retracement. Alternatively, use 6900 as your TP and fundamentals as your guide.
MTN Cup & Handle Pattern Daily & Weekly C&H pattern developed on daily and weekly after a nice run from 5800
*Price is consolidating between 7200 and 6500 (the handle)
*Price above the 30 week MA supports uptrend
*RSI in positive territory
*Gap at 7500 needs to be closed
Volume spike at 7200ish need to confirm Bullish breakout - sitting on hands
Note: Stochastic becoming overbought on weekly... (bear case)
Potential Targets: 7500, 8000 and perhaps 9000
Disclaimer: This is my personal view and opinion and should not be taken as trading advice...
$JSEMTN Cup and handleBullish cup and handle formation on MTN. Wait for a neckline break for targets 7800 and 8800 to open up.
