MTN just took a nose dive with a scary down target of R47
M Formation formed on MTN, with the price breaking out on 13 June 2024.
We see price below 20SMA and 200SMA showing a high probability analysis.
And there are two downtrend lines confirming the momentym of downside.
First target will be set to R47.34
We see price below 20SMA and 200SMA showing a high probability analysis.
And there are two downtrend lines confirming the momentym of downside.
First target will be set to R47.34
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
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