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MTN to go to R135

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Not applicable
Watch MTN go to R135 before slowing down.Next target R160
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3 REPLIES 3
Jacques_1
Frequent Contributor
Do you think that this is mearly a short term move up ?
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Not applicable
Investors steered away from MTN because of the speculation. From now going forward Demand & Supply dynamics will kick in. MTN will keep its ground with steady movements forward.
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PLayer
Frequent Contributor
whats the basis of your price point. I see this share short term at R 135 thereafter if there is resistance at R 132 then it could move up R 140 .. Given previous years price movements normally during this period Nov, Dec the share has dropped quite drastically around the R 80 and hovering around the R 90 mark...this year do not know if it will be any different... Apart from that R $ exhange rate will have an impact on its earnings.... OMO your thoughts...
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