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RossLarter

Inverted H&S forming on Mondi PLC

Long
MONDI PLC (JSE:MNP)  
RossLarter  
JSE:MNP   MONDI PLC
Trend Analysis Head and Shoulders Chart Patterns jse ALSI ZAR southafrica mondi
9
0
trendanalysis headandshoulders chartpattern jse alsi zar southafrica mondi
MNP is in the process of forming an inverted head and shoulders pattern on the day chart.
We could see a longer term upward move if the price breaks through the neckline at around the 33100 level. This might take a few days before it breaks this level, so I am just keeping an eye on it for now.
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