MTN Trade setup

10 sept 2020

MTN Group is still strongly bearish in the short term. A good recovery entry should be around the 5000 level to 7800 level. Note the daily downtrend is strong and the price struggled to break it or fill the early March gap. If it is broken, wait for retracement. Alternatively, use 6900 as your TP and fundamentals as your guide.

5 dic 2020

Nota

The setup is still in motion nicely. You may trail according to your trading plan.

11 mar 2021

Nota

The trade is still active. We had a significant bullish breakout on the 7800 level and fundamentals are still positive. My advice is to trail it at the 7200 price level and let it play out. Otherwise, all is spot on.