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MTNN
Down about 17% from its previous ATH of ₦915/share, but nothing in the structure suggests the MTN Nigeria story is over.
We had a solid opportunity to load around the ₦760–₦780 region, and price action respected that demand quite well. Now, if MTNN does decide to push lower into the ₦702–₦716.5 zone, which I personally doubt, I will be fully prepared to step in aggressively at that level.
That said, this is still a clean structural pullback within a broader uptrend. If you zoom out on the chart, you can clearly see MTNN’s target of ₦1,000/share. The broader bullish thesis remains intact, and I still expect continuation once this corrective phase is complete.
MTNN run is not over.
#NFA