#MTN Risks aplenty but reversing off bottom of its channel #JSE
The chart doesn't need much explaining. The stock is trying to reverse off the bottom of the 1-year channel while forming some divergence on the RSI. A move above todays high should hopefully see this gain some momentum, with a short term move to R119 possible. Larger target would be for this to trade back to the top of its channel over the last year at R144. Note: Risks plenty here with all the happenings in the middle east so it is a higher risk trade and i would advise to use a tightish stop loss on this trade.
Nota
This one didn't work out unfortunately stopped under Tuesday 10 October low at R106.73
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.