It looks like MTN still has more downside to do. We have a technical double-top chart pattern that can target 80-85 in short-medium term.
Note how the double top pattern is part of a larger (bearish) descending triangle chart pattern whose measured target I'm scared to calculate!
Price is currently oversold on the RSI meaning we may get a short bounce.
I would use a retest of the 110 area to establish a 'short' for a target of 80-85.
Note how the double top pattern is part of a larger (bearish) descending triangle chart pattern whose measured target I'm scared to calculate!
Price is currently oversold on the RSI meaning we may get a short bounce.
I would use a retest of the 110 area to establish a 'short' for a target of 80-85.