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Mondi Limited JSE:MND - technical trade note

18 April 2018 / JSE Market Updates / Research Notes Posted by: Barry Dumas
Mondi-Trade-Note

Trade idea on Mondi Limited (MND)

There is a high probability that the price on Mondi Limited (MND) will move higher looking at the inverse head and shoulders pattern setting up on the stock. I am looking to enter the trade at 33749c with first target price of 35605c.

Full trade summary detailed below:

Education: CHARTING PATTERN HACKS 

Note: Mondi Limited (MND) will go Ex-Divined the 2nd of May 2018

Screen Shot 2018-04-18 at 08.39.22

Source: Bloomberg

Trade Idea: Mondi Limited (MND)

  • Entry (Buy): 33749c
  • Stop loss: 31367c
  • Target price 1: 35605c
  • Target price 2: 38000c

ALSO READ OUR "MOVING AVERAGES" TO BRUSH UP ON YOUR TECHNICALS

 

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