Sharp Rally & Now Above R210. Use The Rebound To Take Profit (Short Term Traders)
Research: November 2026 > https://www.unum.capital/post/rnov2026
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes
On 04 August we highlighted R182 to R194 as a buy re-entry range.
Initially, the share traded into the mid-point of this range which was followed by a rebound.
We then saw another sell-off and an another opportunity to buy near the lower boundary of the buy re-entry range.
The minimum return out of this range was 11% while a maximum return of 17% was possible if accumulation was done at the bottom of the range.
For traders who took the opportunity to trade, use the rebound to take profit.
Share/Code: MTN Group (MTN)
Previous Post (04 August): MTN Group's Buy Re-Entry Range (Short Term Traders)
Provisional buy re-entry ~18200c to ~19400c. This is the swing support range and the overshoot of the 200-day SMA /50-week SMA. This range is subject to change as the news flow and price action develops.
Previous Post (Monday 03 August):⚠️Early Warning, Now A Massive Sell-Off For This South African Share (-10% on Friday)
Previous Post (21 July): 📝 Take Note...Bearish Engulfing Candle Sets Early Tone For Potential Bearish Reversal
MTN Group: Yesterday's bearish engulfing candle is worth noting. Depending on todays intraday price action, it could signal the start of a short term bearish reversal.
Lester Davids
Senior Investment Analyst: Unum Capital
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