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MTN GROUP LTD
Short
Updated

MTN Symmetrical Triangle Breakout

137
MTN has broken out of a symmetrical triangle and is looking good for a short position. Personally, I would wait for a confirmation by it breaking through the fractal on the 13th of May before entering a short position.

Note
The short position would have triggered, but it seems to have retraced a bit today so far. Let's keep an eye on it.
Note
If it continues up and breaks above the resistance line, I will consider exiting this trade.
Trade closed manually
RossLarter
Also on:
ALSIFractaljseMTNsouthafricaTrend AnalysisTriangleZAR

Disclaimer

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.
ALSIFractaljseMTNsouthafricaTrend AnalysisTriangleZAR
RossLarter
Also on:

Disclaimer

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.