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Online Share Trading

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MTN and earnings from Nigeria...

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Not applicable
Read the tech analysis on MTN,would I be safe shorting it @ 115??
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KJR
Frequent Contributor
Major telecoms in USA was downgraded (AT&T & Verizon)It would be interesting to see how this affects the local telecoms market
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Not applicable
I think I calculated 118 as my shorting point, but must check again.
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Not applicable
Snap, can you clarify how you reached the figure of 118?
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Not applicable
does anyone have some comments on what is driving the MTN price up, good gains yesterday and today (along with the rest of the market), however it seems that there is some sentiment which is driving the share currently to relatively high levels. does anyone believe that it is going to last or can we expect a drop in the next few days.
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Not applicable
Pulling back to the support of the original bull trend.
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Not applicable
And that support would be 89?? or 106??
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Theater_Cat
Super Contributor
Are you trading MTN shares or derivatives - as a matter of interest
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Not applicable
Im short on MTN from 116,lots of sideways movements on tuesday...I think we myt see 120 tommorow based on the dows performance tonight...any taughts??
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moomoo
Contributor
I'm short as well. Might have been a premature short tho. 120 on the cards and a better position. Didnt expect the resistance to break after so many failed attempts.
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Theater_Cat
Super Contributor
Stochastics does show that it is mega overbought...
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swordfish
Frequent Contributor
so we hold on to our short's on mtn. stop loss to be at 12500 right?
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Theater_Cat
Super Contributor
Next resistance R118, then R125.50. According to my analysis, we are now in the shorting zone, not the buying zone (disclaimer - nobody can see the future; technical analysis only offers clues as to the probable direction). MTN may even be forming a double top at R118 resistance (but it is premature to confirm).
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Not applicable
can any1 tell me whats the support levels for mtn??wheres it headed short terM?
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Not applicable
Will this downard movement continue,or will we see a reversal??
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Theater_Cat
Super Contributor
R112.80 and then R106.80. Not being insolent by saying this, but it is recommended that you study technical analysis to assist you. A GREAT book to read is COME INTO MY TRADING ROOM by Dr Alexander Elder (expensive, but worth it)
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Not applicable
IMO support will be found at 106, Glad to see I was right with my prediction of 118 :)
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barry_1
Super Contributor
have a look at company profile which shows the longer period(three months),then decide for yourself,also try TA,the Bollinger Bands,which will help give u direction,nobody can say whats going to happen on a daily basis.
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Not applicable
GOING TO COME DOWN MORE! This is exciting.. I hope I get some at 90 again :P
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Not applicable
when MTN drops it comes down fast, doesn't play games!
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