StuartPeter

StuartPeter

After a recent adjustment downwards, the share appears bullish in the short run for the following reasons: 1. Stoch RSI is oversold 2. MACD indicates start of upward momentum 3. The South African alcohol ban has been lifted, although the share price has not previously been largely affected by the lifting of the previous bans 4. Share price is sitting below the MA...

StuartPeter Updated 

Due to the company's strong performance, they have declared an odd lot offer where they will buy back shares at R172 from shareholders with 99 or less shares At time of writing the share is trading at R143.45, yielding a zero risk return of approximately 20% See their SENS for more info

StuartPeter Updated 

Aiming for a continuation of the downwards trend

StuartPeter Updated 

RSI and MACD suggest there may still be more movement downwards giving rise to a possible buy in close to the support level around 1585 once the RSI converges Buy in @ 1585 Stop Loss @ 1545 Target @ 1800

StuartPeter Updated 

1. Bollinger bands tightening point towards future volatility – as the firm caters to low income consumers and has performed well despite COVID it is likely that the volatility will be favorable 2. Price is moving within an ascending triangle pattern 3. Stochastic RSI and MACD indicate that the share is oversold, further indicating a favourable entry...

StuartPeter Updated 

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