Sure_Trading

Possible ascending triangle breakout imminent on MNP

Short
JSE:MNP   MONDI PLC
JSE:MNP looks like it could be breaking out of a symmetrical triangle chart pattern very soon.
My sentiment is that it will most likely break downwards, as the resistance level at the top of the triangle is very strong and has been intact since mid April. Once it breaks and closes below the level of the triangle I will consider a short.
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