UPDATE Mondi showing strong upside still to R330
W Formation formed on Mondi.
We then had a comfortable retracement back to the neckline where the price tested and showed strong demand and buying.
Now it's waiting for the JSE ALSI to push up before we have the next upleg.
7>21 - Bullish
Price<200 - Bearish
RSI>50 - Bullish
Target remains at R330.00
We then had a comfortable retracement back to the neckline where the price tested and showed strong demand and buying.
Now it's waiting for the JSE ALSI to push up before we have the next upleg.
7>21 - Bullish
Price<200 - Bearish
RSI>50 - Bullish
Target remains at R330.00
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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