After the huge spike we saw on the back of their results, we are seeing MTN trade back down below R130.00. What is significant about this “pull-back” is that it takes MTN’s price back into it’s previous (and established) trading range. And I’m getting ready to pull the trigger…
Even more significant about the trading range, is the bottom band. This has acted as extremely strong support since August last year. The price has consistently bounced off this level numerous times and this is the level I am looking to buy.
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Here’s to profitable trading,
Unum Capital (Pty) Ltd