SteynTrade
Short

JSE:MNP Mondi Distribution Complete

JSE:MNP   MONDI PLC
Mondi has been undergoing distribution with an upsloping trading range ( TR ). After a backup to the TR we now see high volume and increased volatility to the downside indicating increased selling. This is also pushing against an important level of 29000. If this breaks we can see a significant markdown.
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