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MNP now out the top of channel

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MONDI PLC (JSE:MNP)  
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JSE:MNP   MONDI PLC
Trend Analysis Parallel Channel jse ALSI MND MNP mondi southafrica
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trendanalysis parallelchannel jse alsi mnd mnp mondi southafrica
JSE:MND was trading in a downward channel for quite some time and we were expecting a continuation down the channel.

Strong Downward Momentum on MNP

It has recently turned and has broken out the top of the channel.
We are now looking at an upward move similar to what is happening on JSE:MND
Komen:
Yesterday saw a bearish engulfing candle but it seems to have gone in our favour so far today. Let's keep an eye on this one
Komen:
A bearish Harami has formed but it seems to not be playing out for now. Let's continue to keep an eye on this one.
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