Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Good short around 115-116 level

Reply
manicks
Regular Contributor
MTN has rallied from lower 80's to lower 110's in matter of 2 weeks. The RSI is overbought on this share and the techinal chart shows a strong resistance around 116. It is poised to drop to the 100 level, even as low as 96. Does anyone have any thoughts on MTN from a trading perspective
0 Kudos
3 REPLIES 3
Not applicable
Soon to break your 116 resistance
0 Kudos
DEP
Super Contributor
Beware of shorting MTN, this is a market favourite. You think we'll see R84 again?
0 Kudos
Not applicable
Difference with MTN is it actually is doing well at the moment. Everything else is just going up with **** results.
0 Kudos