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MTN

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From the low 80s,to 113 in a matter of 2 weeks,has it run as far as it can??theres major resistance at 117..can we see a downward move any time soon??
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8 REPLIES 8
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and yes we saw, i was short at R112
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MoMo01
Frequent Contributor
Im a novice still learning, just wanted to clear up something MTN LDT date was 27 march,is this the primary reason why it decreased by 4.7% on the 27 March...
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Down with the market hey, gained faster then fellow TKG over the week, hit resistance and therefore dropped more as it was more over bought,my 2 cents
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akashmaha
Frequent Contributor
just to score on the 181 dividend, i lost R8. I regret not selling on thursday for R111. very dissappointed as i have a much smaller gain. should i wait for the R110 mark again or let it go. plse advise?
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Not applicable
if u are not a day trader then hold, but MTN will most probably see R96 soon
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Note the time I made the topic,friday @ around 15h00,it dropped from 113 to 105 in 2 hours..MTN is a top company..I would hold,but yes short term its headed back to the 90s..But who knows some good news from the G20,and it could shoot back up..whats the next support?? 102??
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akashmaha
Frequent Contributor
thanks guys, i will sell now and buy again in the 90.s.
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Not applicable
major support at R96
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