MTN headed for gap close para JSE:MTN por RossLarter

trendanalysis chartpattern gap mtn southafrica jse alsi zar

MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close.

Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.

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