Looking at Mondi Ltd and Platinum Technicals
Mondi Ltd:
Failed to break to the topside and has subsequently come off on the back of strengthening Rand. Expecting more downside to the first support level of R324.20 if Rand continues to strengthen.
Source: Bloomberg
Platinum:
Broke down and closed below support level for 2 consecutive sessions. It has reversed back within initial triangle but we are not expecting a breakout to the topside just yet.
Source: Bloomberg
Wishing you a profitable day of trading.
Musa Makoni | Trading Specialist at GT247.com
Wishing you a profitable day of trading.
GT247.com: +27 87 940 6101
IT support & help desk: +27 87 940 6107
Client relations (new accounts): +27 87 940 6106
Sales: +27 87 940 6108
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
