Peet_Serfontein

MNP: another leg down?

Short
JSE:MNP   MONDI PLC
Remains a risky trade!
A bearish trend direction is applicable below 29500. Crossing above this level will change the trend to bullish.
Strong downside price momentum supports the bearish trend direction.
RSI is a concern, leaving some downside price potential.
Strong trend remains intact according to the ADX.


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