Mondi's share price is still clearly under pressure.
The decline from the all time high of R430,05 appears to be unfolding in a textbook impulse pattern.
Wave 4 closed below R352,74 and the current decline is for the 5th and final wave down.
The first support zone of interest is the previous reversal area at R230,15.
I do not believe now is a good time to short nor a good time to buy yet.
The decline from the all time high of R430,05 appears to be unfolding in a textbook impulse pattern.
Wave 4 closed below R352,74 and the current decline is for the 5th and final wave down.
The first support zone of interest is the previous reversal area at R230,15.
I do not believe now is a good time to short nor a good time to buy yet.
