MNP Has made a double bottom with bounce to minor Resistance Break and or close Above Fridays close will give room to move RSI has turned with volumes
JSE:MNP has formed a bullish harami at a support level and could be looking good for a long position if confirmed.
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.
$JSEMNP Trend is down - 200day offers decent SL
MNP has broken up from an ascending triangle pattern on the daily chart Risk reward : 1.5
$JSEMNP Pre-empting a move lower
$JSEMNP Weekly chart looks awful - we wait for confirmation
Mondi PLC’s short-term momentum returned after the recent positive trading update and now finds the share price at the top of a major symmetrical triangle. A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A Breakout from the upper trendline indicates the start of a new bullish trend,...
We may derive the following from the Daily MNP chart: 1. Price is yet to break through its daily downtrend channel. 2. We are approaching a potential buy zone / support level. 3. Price i.m.o should hold at the buy level. 4. NB: The trend is still down - so be cautious in buying. 5. As always - maintain your risk. Note: The views provided herein do not...
A Head and Shoulders chart pattern is forming on JSE:MNP and if it confirms by breaking through the neckline, we could see a nice move downwards.
JSE:MND was trading in a downward channel for quite some time and we were expecting a continuation down the channel. It has recently turned and has broken out the top of the channel. We are now looking at an upward move similar to what is happening on JSE:MND
JSE:MNP Made fake beak out few days ago and now back to sideways consolidation. There is small double bottom with neck line around 31800. If double bottom plays out target will be around 33800.
JSE:MNP Is in down trend and currently breaking head and shoulders pattern intra day. Target around 28800/29000
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.
Falling wedge continuation, can we see this company stocks gaining some weight because of this!???
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging...
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...