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.
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).
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)
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.