Nice bullish flag Mondi, a stock I’m currently long off. Looking to add into the position on the break out of the bullish flag. Mondi looks quite bullish at the minute
Increasing probability for a temporary correction.
Nice bullish flag on Mondi, but that 36514c resistance worries me a little. I will handle that by splitting my entries. enter half of my trade-in and if the break confirms I'll add the second half.
Evening star Japanese candlestick might confirm a bearish stance. At some major resistance. Downside price momentum supports the bearish stance.
Stochastic showing further upward potential. Short term down trend line has been broken. Positive bullish Hammer on previous day candle. Continuation of longer term rising channel. I Am buying at 326.57, stop at 314.41 and targeting 371.21.
I recently posted an idea for a short on JSE:MNP and it went in our favour for a few days, but didn't last long. In the meantime, it has formed a bullish engulfing candle and has retraced all the way to the bottom of the channel again. It may find some resistance before entering the channel again but if it breaks through, we could see an upward move towards the...
JSE:MNP has broken out through the bottom of an upward channel that it has been trading in since the end of April. My expectation in a previous idea is that it would bounce off the bottom of the channel and return upwards, but it has, in fact, broken through and is on its way down. It is currently on a support level and if it breaks through, I will consider a...
Mondi appears to be moving in a channel, indicating a possible long entry close to support line. Technical indicators suggest the share will rebound Stoch RSI: Oversold BB: Nearing lower confidence level MACD is narrowing
JSE:MNP has been trading in a parallel channel since mid April and it seems to be heading toward the bottom of the channel for a possible bounce upward. If it fails to break through the bottom of the channel and bounces off support, I will consider entering a long position on the move up to the bottom of the channel. I will wait for confirmation first before entering.
Lower highs continue to persist since price broke below 8/21 cross however possible falling wedge developing. Look for break of trend line. Resistance: R346.70-R349.20. Support: R331.50-R328.20. RSI: Neutral. This chart forms part of a broader trading plan and should not be considered financial advice.
We have a potential bullish flag Mondi. Looking for some further strength on the share. After the share tested what was a resistance level before the share broke through it.
Bearish divergence is also notable.
JSE:MNP A nice falling wedge on Mondi, giving us a nice Risk: Reward ration
Waiting for breakout on a close. Risk reward 1:2
JSE: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.
JSE:MNP looks like it could be breaking out of a symmetrical triangle chart pattern very soon. My sentiment is that it will most likely break downwards, as the resistance level at the top of the triangle is very strong and has been intact since mid April. Once it breaks and closes below the level of the triangle I will consider a short.
Lets just get rejected on that demand zone then let this guy go up