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Mtnlong

MTN Nigeria Stock: A Strong Rally smashing the roofMTN Nigeria Stock: A Strong Rally smashing the roof MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024. As of December 9th, the stock was priced at 170 naira but has steadily rallied over the months to surpass several resistance levels (N320, N357 & N386). Based on this momentum, the nearest most significant support zone is N386. This is a zone with confluence between an ascending resistance trendline and a support level. The question is. 1. Can the buy continue with this vertical push-up up 2. Will the N386 confluence zone continue to hold this stock from falling? Trade with care. Please like, follow, and share your thoughts.
NSENG:MTNN
by ForexClinik
2
MTN Nigeria Stock Analysis and OutlookMTN Nigeria Stock Analysis and Outlook MTN Nigeria has shown a strong recovery, breaking out of its prolonged downtrend in early December 2024. Since then, the stock has delivered an impressive rally, gaining nearly 70% in value. As of the latest trading session, MTN Nigeria closed at ₦279. From a technical analysis standpoint, there is a possibility of a short-term pullback toward a key support zone (indicated in yellow on the chart). Should this level hold, the stock may continue its upward momentum with a potential push toward the ₦300 psychological resistance level. While the medium-term trend remains bullish, it is important to approach this with caution—particularly for short-term traders. Implementing a well-placed stop loss remains crucial to manage downside risks effectively in volatile market conditions. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own due diligence before making investment decisions. Please: Follow me, like, and share my analysis. Also let me know your viee
NSENG:MTNNLong
by ForexClinik
1
MTN Nigeria Stock: A Strong Rally with ₦250 in SightMTN Nigeria Stock: A Strong Rally with ₦250 in Sight. MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024. As of December 9th, the stock was priced at 170 naira but has steadily rallied in recent weeks to surpass 240 naira today. Based on this momentum, the next potential resistance level appears to be around 250 naira. If buying interest continues and market conditions remain favourable, we could see the stock test 250 naira level in the near term.
NSENG:MTNNLong
by ForexClinik
5
MTN neutral stand with a bullish bias with to R157.65 -Confused?Box Formation formed on MTN and the Prev. trend up We need the price to break either ABOVE or BELOW the formation before I make any decisions. The funny thing about MTN is how consistent the sideways moves have been for decades. It has a personality of its own and is only something you pick up after being in the markets for a few decades. Anyway, I like to think my bias is bullish but the signals are mixed. 21>7 price>200 - Mixed RSI<50 - Bearish Bias bullish target R157.65 ABOUT MTN Group Limited (over R200 billion market cap) is a multinational telecommunications company headquartered in Johannesburg, South Africa. The company was founded in 1994 and has operations in over 20 countries in Africa, Asia, and the Middle East. MTN is the largest mobile network operator in Africa, with over 280 million subscribers The company offers a wide range of telecommunications services, including voice and data services, mobile money, and digital services. In addition to its mobile network operations, MTN has also invested in a number of other business ventures, including e-commerce, fintech, and energy services.
JSE:MTN
by Timonrosso
1
MTNL may be good choice for cheap thrillersNSE:MTNL On monthly chart of MTNL its looks like accumulating between the are of 9.75 and 39 which may be a good chance for long term investors. chart of the same is attached below. On weekly chart though it has given a breakout to the ascending triangle (I don’t follow this kind of patterns. I just draw up and down trend line as chart suggests me) and breakout seems to be solid. I personally would prefer to trade this counter for short term with target of 40-45 by keeping my SL at 9-8 current market price is at Rs.12/-. Do note there was been news about merger of MTNL with BSNL and I don’t know the result of the same. Stock just pop in my screener and chart confirms bullish move hence sharing the same with you all. So before going for investment or for short term trade take a advice of your financial adviser. one can consider this only for educational purpose.
NSE:MTNLLong
by PriceVolumeRider