Your Morning Market Podcast 30 June 2017

30 June 2017 / Morning Market Podcast Posted by: GT247 Trading Desk

"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 2^nd support level just below R300.

Mondi Ltd Chart-2.gif

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.

Steinhoff Chart-1.gif

Musa Makoni | Trading Specialist at GT247.com

Follow @Makoni_Henry

Wishing you a profitable day of trading.

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