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VillageTraderZA
Feb 21, 2021 4:02 PM

Bullish flag on Mondi Long

MONDI PLCJSE

Description

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 entry signal to add to my position.
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