Equities: Local | MTN Group | The share has been in a consolidation phase over the past 11 sessions, trading between 8450c and 8190c. What I would like to see is bids holding above the 8357c level in order to raise the probability that the the consolidation phase can be breached. Adding some confidence that there is a potential reversal at hand is the price starting to find support on the 8-day exponential moving average. On Friday we traded close the resistance zone, pulling back intraday.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.