Keep it short

MTN and Aveng point­ing to lower tar­gets

Finweek English Edition - - Communication & Technology -

MANY LARGE-CAP in­dus­trial stocks on the JSE are now fol­low­ing their re­sources coun­ter­parts and tak­ing a heavy beat­ing. We look at two such stocks, for­mer dar­lings of the in­dus­trial sec­tor: the MTN Group and Aveng. Both charts have bro­ken down from large re­ver­sal pat­terns and are point­ing to sig­nif­i­cantly lower tar­gets to come. Once again, the money con­tin­ues to be made by the short sell­ers on the mar­ket and will re­main so for the fore­see­able fu­ture.

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