JSE: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.
JSE:MNP has reached quite a significant resistance zone and we could possibly see a turnaround for a short position. The stochastic looks like it might be turning too which is a further signal. If it doesnt break thorugh this level and confirms, I will consider a short position.
JSE:MNP has formed a bullish harami at a support level and could be looking good for a long position if confirmed.
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 is showing a bullish engulfing at support. This is confirmed by the breakout and close above the descending resistance. Looking good for a long if it confirms above Monday's high.
JSE:MND has broken through a descending resistance and a fractal which is a good sign for a long move. On top of this, there was recently a bullish engulfing candle which is a further sign of an upward move.
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 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.
Potential reverse head & shoulders on jse:mnd (Mondi Ltd)
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...