hitchcoxg

MKR.JSE Montauk Renewables. Trend Cloud Study.

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JSE:MKR   MONTAUK RENEWABLES INC
Montauk Renewables - Bio-Gas Supplier as we all know.
This Chart Depicts the Highly Cyclical nature of these Commodities. It's one to Trade, not a long Term Investment.

The recent sell-off could soon offer an Entry Opportunity.
But we need to wait for a decent reversal of the current Down Trend.
My last Trade yielded +60%. However only had R5000 in. But I shouldn't complain about that.

As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.

Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.

Regards Graham.
Kommentera:
Early Trend Reversal Seen on the IMACD Indicator 1H Plot.
I'm starting to Nibble on this one.
Kommentera:
Montauk Renewables Price Target Cut to $8.00 a Share From $9.00 by Scotiabank.
= +- R150 Area
= +- 90% Upside.
Kommentera:
R60 Area Looks to Test Entry.
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