Invest with MTN . A consensus forecast figure is normally an average or median of all the estimates from individual analysts tracking a particular share. Crypto currencies are not suitable for all investors. Stop loss is a break of R53 with first TP at R57 and full target at R60. Track our share price using interactive charts and check historical and comparative data. - The gap above (R70) now becomes the next level to target, perhaps after some consolidation and close above the 200ma Source: JSE Ltd. 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Sharenet Securities FSP#: 28430 | Sharenet Wealth FSP#: 41688, © 2020 SHARENET (PTY) Ltd, Cape Town, South Africa. Note the daily downtrend is strong and the price struggled to break it or fill the early March gap. You require a Sharenet Analytics or Premium subscription to see the detailed ratings report for the whole JSE. - Price has reached oversold levels close to the 100ma and an area of horizontal support The date the forecast was made is important, as if the share has moved considerably since then, the rating may no longer apply. Complete the form below to recieve your daily selected share information straight to your inbox every evening. Generally, ratings from shares that have wide analyst coverage could be deemed more robust than those that have narrow analyst coverage.If a company exceeds consensus estimates, it is usually rewarded with an increase in its share price. -- MANAGE YOUR RISK - - We thank you for your understanding. The stochastic as well as the MACD are both showing buy signals. As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. MTN Group Limited (Incorporated in the Republic of South Africa) Registration Number 1994/009 584/06 Listed on the JSE Limited Share code: MTN ISIN: ZAE000042164 (“MTN Group”) Share price & charts . You can also track up to 5 watchlists of 30 shares each, get email updates on your portfolios and get SENS/Price alerts on shares in your watchlists and much,much more by subscribing to MYSHARENET. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. Currency trading on margin involves high risk, and is not suitable for all investors. 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It offers broadband and Internet products and services and converged fixed or mobile products and services. 2,625 ), Mtn Group Limited - Changes To The Board Of Mtn Group And Mtn South Africa, Mtn Group Limited - Engagement With Shareholders On Mtn Groups Remuneration Implementation Report, MTN GROUP LIMITED - MTN Appointment of new Group President and Chief Executive Officer, MTN GROUP LIMITED - MTN sell-side analyst briefing on the voluntary change in accounting policy relating to the treatment of FCTR, MTN GROUP LIMITED - MTN Condensed consolidated financial results for the six months ended The majority of the company's revenue is earned through South Africa and Nigeria. - As per our previous post on MTN where we were targeting the 200ma on the daily, price has tagged the level. Trading or investing in crypto currencies carries with it potential risks. I will have to keep the faith with this one. KEEPING EVERYONE SAFE MTN Breaking Upward channel to the downside. Complete the form below to recieve your daily selected share information straight to your inbox every evening. Alternatively, use 6900 as your TP and fundamentals as your guide. Close above previous highs of R64 will trigger the long. Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. MTN up leg starting of its daily cycle after bouncing off its channel. MTN Group is still strongly bearish in the short term. - Price has reached oversold levels close to the 100ma and an area of horizontal support - Short term down trend has been broken and price action giving clues of reversal - Looking for a swing trade back towards the R73 level JSE:MTN -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Email: support@sharenet.co.za. The majority of the company's revenue is earned through South Africa and Nigeria. As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. You can also track up to 5 watchlists of 30 shares each, get email updates on your portfolios and get SENS/Price alerts on shares in your watchlists and much,much more by subscribing to MYSHARENET. I'm going to wait for confirmation above yesterday's levels before entering long. Moving Average Convergence Divergence (MACD). Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. First target is R68 with 2nd target at R72.30, Zooming out on MTN it seems like it's at a prominent down trend line, monitor if it breaks or holds. This could have a nice R:R should it stay above R54. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. If you would like to track up to 30 JSE shares in a FREE watchlist, register below for our FREE WATCHLIST service. 30 June 2020, MTN GROUP LIMITED - Trading statement for the six-month period ended 30 June 2020, Mtn Group Limited - Summary Of Mtn Ghana Unaudited Results For The Six Months Ended 30 June 2020. 30 June 2020, MTN GROUP LIMITED - Trading statement for the six-month period ended 30 June 2020, Mtn Group Limited - Summary Of Mtn Ghana Unaudited Results For The Six Months Ended 30 June 2020. Sharenet Group of Companies are authorised financial services providers. Generally, ratings from shares that have wide analyst coverage could be deemed more robust than those that have narrow analyst coverage.If a company exceeds consensus estimates, it is usually rewarded with an increase in its share price. 2,625 ), Mtn Group Limited - Changes To The Board Of Mtn Group And Mtn South Africa, Mtn Group Limited - Engagement With Shareholders On Mtn Groups Remuneration Implementation Report, MTN GROUP LIMITED - MTN Appointment of new Group President and Chief Executive Officer, MTN GROUP LIMITED - MTN sell-side analyst briefing on the voluntary change in accounting policy relating to the treatment of FCTR, MTN GROUP LIMITED - MTN Condensed consolidated financial results for the six months ended The company was founded in 1994 and is headquartered in Roodepoort, South Africa. The safety of our employees and clients is something that we care deeply about. Based on projections, models, sentiments and research, analysts strive to come up with an estimate of what the company will do in the future.Consensus estimates are not an exact science. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires. You require a Sharenet Analytics or Premium subscription to see the detailed ratings report for the whole JSE. A good recovery entry should be around the 5000 level to 7800 level.