MTN Group's Buy Re-Entry Range (Short Term Traders)

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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.

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Previous Post (Monday 03 August):⚠️Early Warning, Now A Massive Sell-Off For This South African Share (-10% on Friday)

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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