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Jsemnp

MONDI looking great on paper to R330.00W Formation is forming clearly on the daily. We need the price to close above and for the price to open above the breakout level. There are mixed signs with indicators (but this is normal during a change in trend) 7>21 - Bullish Price<200 - Bearish We need the price to move above 200MA to ensure upside to come. RSI>50 - Bullish R330.00 SMC: Below the W Formation, we see strong Sell Side Liquidity Order Blocks. This is where Smart Money has swept the selling from dumb money, bought into it and hence the price has pushed up.
JSE:MNPLong
by Timonrosso
$JSEMNPJSE:MNP Developed falling wedge from December 2018 to Novembr 2019. At the begining for November 2019 broke above with projected target in the zone between 38000/38500 In mean time it went down and back tested falling wedge in January 2020. There is smaller cup and handle pattern that developed over last two months. Target for that pattern is around 37000. If $JSEMPN breaks above 33250/33300 and close above cup and handle will confirm and first target around 37000 will be in play. Second target should be falling wedge projections around 38000/38500 area.
JSE:MNP
by ALSITRADER
Mondi Still Has More Downside To ComeMondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything Mondi does. In 2017, Mondi had revenues of EUR7.10 billion and underlying EBITDA of EUR1.44 billion. Mondi has a dual listed company structure, with a primary listing on the JSE Ltd. for Mondi Ltd. under the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007. Technicals The structure indicated on the chart above has broken to the downside. I expect further downside with possible reversal points at the 38.2%, 50% and 61.8% Fib retracement levels. I will be looking at lower time frames for a confirmation structure in order to enter the short. Happy trading! Linton
JSE:MNPShort
by Linton_White