MTN Another trade that says in big neon letters, Don't Do This
If you have a penchant for masochism, and don't see the sense in the broad, thoughtless rally in SA Inc, then note the following: - RSI at 80 is ready for a downtick - MACD, still strong, has started slowing - Momentum has stalled in the last 3 days, some long wicks on both sides of the candle
Price currently also in a well defined supply area, offering clearer stops and some decent muck in the middle to get out in.
I'm shorting at or around R145.00, stop/shucks I'm wrong at R149.50 and a TP of R128.40 gives a risk reward of 3.8
But don't bet the farm. This trade screams bad idea.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.