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Mondi failed to break lower

Long
MONDI PLC (JSE:MNP)  
RossLarter  
JSE:MNP   MONDI PLC
Candlestick Analysis jse ALSI ZAR southafrica mondi
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candlestick jse alsi zar southafrica mondi
MNP has been trading in an upward trend since mid-March. It failed to make a lower low after the latest retracement and formed a hammer doji candle which is a bullish reversal signal. We are potentially looking at a continuation of the upward move.
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