Bullish Pennant on MTNJSE:MTN price has broken out of a bullish pennant pattern that formed over the last month or so. It seems to have retraced a bit since, so we will have to wait and see if the trade gets triggered.Longby RossLarter3
MTN breakout out of the base?MTN is looking like its breaking out of its base. After breaking and retesting the 200 day EMA. This MTN chart looks rather bullish. Its looking well poised from to return to the R200 highs. Longby VillageTraderZA1
MTN Cup and Handle target to R168.75 - But warning!MTN Cup and Handle formed and the price has broken up and out of the brim level. We are however seeing mixed signals. 7>21 <200 - Mixed RSI>50 - Broken buy divergence Also the price has come down which gives a conservative entry. Bullish bias Target R168.75 CONCERNS: MTN for over a decade and has been on my naughty list. It seldom works with the system and it yields very slow results and returns when it does. Longby Timonrosso4
MTN Pushes OnMTN seemed to shake off the bad news and is heading for top of channel.Longby TradingMzansi1
MTNJSE:MTN buyers seem to have ignored the foreign tax issue. JSE:MTN was attempting to trade above the 150MA prior the SENS, the stock has managed to come back above the level, and past want we considered to be a resistance level. Longby Trend_Trader_JSE1
Feels like it has based and ready to blast offMTN is looking like a stock that has completed its basing pattern and ready to blast off and run. However waiting would be important for a real breakout. Longby VillageTraderZA4
MTNMTN Group (MTN) | Strong upside follow-through from prior bull-bear pivot at 12189c to test (flagged 19-December) to test a high of 13742 on Friday. SENS after market close with relating to Ghana tax issue could be the reason it will have to pull back from resistance. My price action data states ‘approaching overbought’.by techpers2
MTN JSE:MTN attempting to move up. Maybe there will be a confirmation on Monday, or it'll be too late.by Trend_Trader_JSE0
MTN position triggeredIt took a while, but the long position on JSE:MTN was finally triggered with yesterday's price action. Today's move is looking good for a continuation to the upside. Target at the 146 levelLongby RossLarter114
MTN still trading in a bigger downtrendMTN is still trading in its longer term bearish channel after price rejected its 1 year moving average during early December so long as the bears can keep prices sustained below the R143 mark there should be more downside to comeby T2TWELL3
Long View: MTNMTN initially broke the down channel but it didn't last long, monitoring this current position to see if it can move up from here. I would like to hear your thoughts, let me know.Longby TradingMzansi3
MTNA few days ago (see original post attached) I mentioned 12189c as a key (potential) reversal level. This was identified via my Automated Price Action Guide as the bull-bear pivot. On Monday we saw the share trade below this level before quickly reclaiming it to close the session higher by nearly 400c (a great opportunity for intraday or ultra short term traders). For more research insights, including trade ideas, get in touch today. by techpers1
MTN Levels I would be considering going into next week. The table is via my automated price action model (which is subject to daily change). For more research insights, including trade ideas, get in touch today.by techpers2
MTN ready againThe stock, just like most that rallied pre-lockdown, is completing Wave 4 Correction. After a Correction comes a rally.Longby KatlehoThaba1
MTN - 1D - Price has broken out of a declining wedge within a bullish channel. It may be giving a perfect good by kiss on the declining wedge which also coincides with the EMA50.I Will buy above 13981 with a target of 15979. Stop loss at 13000.Longby AWPEARCE11
MTN - ShortJSE:MTN is looking good for a short. If triggered, we are aiming for a move down towards the R107 area.Shortby RossLarter441
MTN GroupMTN GROUP (MTN) - On Monday 24 October I discussed the share potentially trading lower and rebounding off the trend line (lower boundary). Subsequently, we saw a sell-off on the same day, followed by a strong reversal in the following session, with continued upside through to Friday and a six-week high of 13881c. Potential upside resistance is the channel trend line which is in line with the 61,8% FIB retracement (14193c). Dip-buyers would look to 12600c to 12800c as potential re-accumulation zones.by techpers2
MTN JSE:MTN is at an area of value. Given the tough market conditions I won't be surprised if it moves lower. by Trend_Trader_JSE5
$JSEMTN - MTN Group: Buy The DipA simple analysis of MTN following a 47% dip from the 52 week high. MACD/price convergence signals the selling momentum is waning. The resistance trendline has not yet been broken convincingly. Use R112,62 as stop-loss level.Longby Loyiso_BlaqueSoros_Mpeta3
MTN looking for a push higherMTN has managed to reclaim long term support (TL) but is now facing a little resistance at R133.50 - downward TL. A close above R137.59 would probably see it make a move higher towards its 200DMA. We wait for confirmation of a breakout before entering a long. by Trad3r_16114
MTNLoss of neckline support on MTN could target 85 next. It's a technical Head & Shoulder pattern in play.Shortby Innocentmaponde3
MTN also showing a crash Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10 Shortby Timonrosso4
MTN long term bearish viewMTN monthly candlesticks have printed out a nice break and pullback to the previous support level that has become resistance and has reacted accordingly with some bearish momentum over the past few months, I therefore expect a longer term bearish view on MTN stocks to somewhere 2682 ZAC.Shortby TRIPPYHUSSLE0