On a weekly chart the stock is on a clear bear market with the big gap as the supply zone.
With newly introduced stock into the Nigerian Stock Exchange, MTN is now looking for a support zone to hold its pullback price. A price below 132 will apparently not be a bad idea for the moment...
WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS : 1. WEEK ONE : Sell pressure the stock fail the maintain the weekly high.
