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.XLongby 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.XShortby 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 fXLongby RossLarter0