MTN neutral stand with a bullish bias with to R157.65 -Confused?

١٧ فبراير ٢٠٢٣

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.