JSE:MNP   MONDI PLC
JSE: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.

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