login
Open Free Account

Resources

MTN - Technical Note

/
MTN 23 11 2017.png

MTN Group Limited (MTN)

As you know MTN has been on my watch list for a while now and has finally given me a signal to trade as it has closed above 13000c.

I am looking to long the stock but take caution as we are expecting the rating agencies to give their findings this week and the outlook might not be favourable and will have an impact on our Financial and retail sector and the economy as a whole.

Trade: MTN Group Limited (MTN)

  • Entry: Long (buy) Current levels or pullback to 13100c
  • Stop: 12656c
  • Target price 1: 13350c

 

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.


 

GT247.com: +27 87 940 6101

IT support & help desk: +27 87 940 6107

Client relations (new accounts): +27 87 940 6106

Sales: +27 87 940 6108


 

SEARCH ALL RESEARCH