"Mondi Ltd & Steinhoff" in this Market Report
Mondi Ltd:
First key support level is at R324, and this would be a great entry for a buy if the stock bounces off that level. However if it breaks below it significantly it is more prudent to short sell it down to the 2nd support level just below R300.
Steinhoff:
No significant price action since the big drop at the beginning of the month, buy on the bounce from the support line or wait for a bullish engulfing candle to form on the daily chart.
Musa Makoni | Trading Specialist at GT247.com
Wishing you a profitable day of trading.
