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Judge grants out of court settlement with MTN! Good news for shareholders! https://t.co/enT3KI7v50

Nigeria open to deal with mobile group MTN over N1.04trn fine Nigeria is open to an amicable out-of-court settlement with South Africa’s MTN over a $3.9 billion fine imposed on the cell phone operator, a top regulatory official said on Wednesday. This represents a thaw in a three-month standoff between Africa’s largest mobile operator and the continent’s bigge…

Trade View:

The Index has seen a massive selloff to the tune of over 10% sending it into correction territory.
The RSI is in the most oversold area below 23 for the first time in over a year.

The technical damage to the chart thou has been done, however a bounce off 1900 support seems likely and thus we should play a bounce back to previous support which will now act as resistance around the 2020.

Trade:
Long 1932.25
Target: 2020
Stop: 1900

FirstRand Bank- SA's largest bank by market cap is now larger than both the gold mining and platinum mining index combined.