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Online Share Trading

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MTN

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Russ
Super Contributor
is hovering around the support line again. Time to get in again?
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11 REPLIES 11
Prestonmyhusban
Regular Contributor
Wait for R119- R121.50.
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Russ
Super Contributor
Every time it gets to support it first moves up to about 13200 and then comes down again to make a double bottom before moving up much higher. It has already made the double bottom so you will be lucky to get a third touch.It might happen but I think it is safer to get in now.
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Russ
Super Contributor
There's also a buy divergence on the daily and weekly rsi. Looks like a good set-up to me.
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Preston
Super Contributor
Two factors at play with MTN , namely currency (Zuma) and oil price.I will wait to add more. I do however agree with your technical analysis.(omo). If Zuma strikes, then this share is going down to R107-R109, gross of dividend.
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Preston
Super Contributor
@Russ, maybe add 50% now and wait to add the other 50% or alternatively 3 purchase of 33.33% each.
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Russ
Super Contributor
Ja, it's heading your way!
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Russ
Super Contributor
Any thoughts on vod? Also on support, buy divergence on daily rsi, oversold on weekly chart. Only problem is it hasn't turned up yet.
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suki
Super Contributor
will rebounce around R150
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Prestonmyhusban
Regular Contributor
@Russ, I did have a look at VOD, i do not like the chart. Personally further downside risk is quiet possible (omo)
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Russ
Super Contributor
Well, Pmh, it's in your range. Let's hope the bottom is in.
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Preston
Super Contributor
@Russ, I think it has bottom out barring Zuma antics, I honestly believe we going to see a short rally from oil that is going to help MTN , otherwise, it is R109.
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