MTN Group: Zooming out to the daily chart, the share trades just above the resistance level that has been in place since 30 August 2018. What we’re now starting to see is a short term consolidation with the potential for a break of the downward trend line that has been in place since 13 March. At current levels, the price trades just above the 50-day moving average which is turning up as well as above the short term 20-day 'momentum' moving average. In my view there is potential for the share to make a small retracement however traders should monitor a break of the downward trend line as a signal that the medium term momentum is starting to tick higher. On the upside, there is potential for the share to close the ‘gap’ at 10574 as well as test the downward trend line at approximately 10700c.