Mondi plc

$JSEMNP - Mondi: Triangle Outlook Invalidated, Now It's Complex

21
See link below for previous update.

After a 19 month sideways consolidation, which I had labelled as a wave 4 triangle, the bulls came out of nowhere and took price beyond the 33900 zone, which was key resistance, to around 37000 cps.
This swift move from October invalidated the entire five wave impulse outlook from the all time high at 43005.

The technical structure now looks complex and will require some time to get more clarity.

I will sit on my hands on this one until such time.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.