MTN GROUP LTDLong
MTN Cup & Handle Pattern Daily & Weekly
C&H pattern developed on daily and weekly after a nice run from 5800
*Price is consolidating between 7200 and 6500 (the handle)
*Price above the 30 week MA supports uptrend
*RSI in positive territory
*Gap at 7500 needs to be closed
Volume spike at 7200ish need to confirm Bullish breakout - sitting on hands
Note: Stochastic becoming overbought on weekly... (bear case)
Potential Targets: 7500, 8000 and perhaps 9000
Disclaimer: This is my personal view and opinion and should not be taken as trading advice...
*Price is consolidating between 7200 and 6500 (the handle)
*Price above the 30 week MA supports uptrend
*RSI in positive territory
*Gap at 7500 needs to be closed
Volume spike at 7200ish need to confirm Bullish breakout - sitting on hands
Note: Stochastic becoming overbought on weekly... (bear case)
Potential Targets: 7500, 8000 and perhaps 9000
Disclaimer: This is my personal view and opinion and should not be taken as trading advice...
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.
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.