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What happened today?

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leepz
Occasional Contributor
Why -3% today? Can't find anything in the news.
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4 REPLIES 4
jack12
Super Contributor
Did you look at the resistance and support levels on the chart??
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Not applicable
Source: TradingGuru...The stock has been trading in this range for a few weeks now and has rewarded traders who were patient and who took profits as soon as it went above R120. Wait for it to go to R117 and buy it again.
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SimonPB
Valued Contributor
they smoking their socks .. trading a 2.5% move is not going to be profitable over time ..
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J12
Frequent Contributor
Here's a theory: MTN has subscribers in the middle east. Maybe the Dubai crisis means that MTN's business there may be hurt. Even if it isn't there might be some panic in the markets simply because they have some business exposure there and nobody wants to touch anything related to Dubai right now.
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