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RossLarter
May 29, 2019 10:51 AM

Strong Downward Momentum on MNP Short

MONDI PLCJSE

Description

JSE:MNP is trading in a downward channel and a pattern has emerged that every time it hits the top of the channel, it plummets towards the bottom of the channel. It has recently hit the top of the channel and is looking positive for a downward move, but just to be safe, we will wait until it breaks through the fractal a little below the current price.
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