W Formation & Ascending Triangle formed on Mondi as I stated before... The price has continued to move up on a strong trajectory trend line. It looks like momentum will continue up and we'll get a ver nice buy signal once it breaks above the neckline. 7>21>200 RSI>50 Target remains at R364.88
W Formation & Ascending Triangle has formed on the daily time frame. There is an impenetrable resistance right now at R318.00. Once we break above it, it could be a fantastic trade for upside. Until then, we'll add it to our watching and waiting list. 7>21>200 RSI>50 Target R364.88
MNDI Stock Overview Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia. I am currently Short selling this stock because of several reasons though they are also some good facts about the company. As TradeFollower my technical analysis and...
W Formation formed on Mondi. We then had a comfortable retracement back to the neckline where the price tested and showed strong demand and buying. Now it's waiting for the JSE ALSI to push up before we have the next upleg. 7>21 - Bullish Price<200 - Bearish RSI>50 - Bullish Target remains at R330.00
W Formation is forming clearly on the daily. We need the price to close above and for the price to open above the breakout level. There are mixed signs with indicators (but this is normal during a change in trend) 7>21 - Bullish Price<200 - Bearish We need the price to move above 200MA to ensure upside to come. RSI>50 - Bullish R330.00 SMC: Below the W...
JSE:MNP is trading near an area of value. If there are buyers, the stock may break above this level. However, there is a potential overhead resistance near R367. Is the potential reward worth the risk?
JSE:MNP is showing all of the signs for a good short move. The stochastic and MACD both turned downwards and the 3 and 15 EMAs have crossed eachother in a downward direction. We are looking to reach a target at the 251 level which coincides nicely with previous significant lows from March this year.
Mondi hit our take profit at R325.00. We have been monitoring it and it's been forming a somewhat Rectangle Formation lately. I think once the box has formed and the price breaks out, we'll get out next trade entry. We are bullish still but out of the trade for now...
A bullish harami pattern has formed on JSE:MNP . A bullish harami pattern is a bottom reversal signal which signals a possible long position. With this morning's movement so far, the order has triggered. We are looking to reach a target at around the 342 level.
JSE:MNP attempted to trade above the (declining) 200MA. The stock is back below the level. It's probably better to wait for the 200MA to flatten, then a breakout before one consider a long position.
MARKET: Mondi ( MNP ) TYPE: Long (buy) ENTRY: R288.42 STOP LOSS: R264.28 TAKE PROFIT: R324.76 REASON: W Formation Breakout of medium downtrend Moving average 7>21 - Bullish Medium probability trade
A hammer candle has formed on JSE:MNP at a strong support level that goes all the way back to 2015/2016. I think it's possible for a bounce off of this level and a nice upward move from here.
JSE:MNP is showing some nice downward momentum thanks to yesterday's strong down move. The stochastic, MACD and EMA's are all showing great potential for a short position.
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...
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.
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.