Mondi: R388 Target Hit. Now trading above R390. Original thesis was 'buy at pullback to 0.618% FIB'. Original entry 36890c (see attached). For more real-time insights and trade idea get in touch today.
Mondi has retraced to find support around it's 0.618% Fibonacci retracement level, with a close at 36890c (a two-day pullback from a high of 38500c around the 200-day SMA. Here's the criteria: We'd like to see the share consolidate at the current level or just below followed by a bullish reversal to emerge the 0.618% Fib zone. Stop: 36330c. Target: 38800c. This...
Price making this very C&H pattern here. 38600 is level too watch out for sellers. If the trend holds then there is a 1:5 R/R. As always manage your risk.
Price making this very C&H pattern here. 38600 is level too watch out for sellers. If the trend holds then there is a 1:5 R/R. As always manage your risk.
Classic cup and handle on Mondi and a uqick short term trade
Mondi is currently trading in a 45 day bearish channel and has reached good lateral support area at the R356.00 level. A close above R363 could possibly signal a long position. *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
Mondi Plc - Retraced Initially But Target Range Reached. Continues to look healthy but short term traders could look to trim.
JSE:MNP is showing some nice downward momentum thanks to yesterday's strong down move. The stochastic, MACD and EMA's are all showing great potential for a short position.
Current: R397.47 Toward the 3rd week of April I highlighted the share in a research report, suggesting that it's also a great e-commerce play. As you can see, I previously highlighted the potential price path, which is shows the continued consolidation. The 395-397 level is being breached but we need to hold above the highs to maintain the bullish stance....
Trade Alert - from my research report - LONG or SHORT? DM me about the opportunity.
Trade Summary 11 April 2021 Entry: R377.01 Stop loss: R368.88 Risk per share: -R8.13 Quantity: 15.8 Risk ZAR: -R128.45 Risk: -1.59%% We have a nice cup and handle pattern on the stock. I’m looking for a break above the neck line. A close above 39350c. I will add to the position and trail my stop to around 37590c. The stock seems to have shrugged off the dividend...
This chart looks pretty good
The stock is also looking good at the moment. After staying in the R279 - R333 box for about two years. It didn’t stay long in the R333 - R366. Recently the stock broke R366 resistance, and came back to retest this level. Taking a look at the daily chart. There's a nice bullish flag pattern. That broke out and retested the flag’s resistance. Providing a nice...
Continuation triangle pattern in Mondi Sequence of higher lows remains. Hence its still bullish.
Mpondi breaks fromt he bull flag with a decent risk- reward
Nice bullish flag Mondi, a stock I’m currently long off. Looking to add into the position on the break out of the bullish flag. Mondi looks quite bullish at the minute