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Mondi Plc: Here's What You Should Know

  • Writer: Lester Davids
    Lester Davids
  • Oct 24, 2024
  • 1 min read

Thursday 24 October 2024,

Time Published: Pre-Market


Mondi Plc - Applicable to Short Term Traders. Measuring current and historically distance could be useful in assessing reward-to-risk. Over the past 12 years, the largest distance vs 21-week EMA readings have been in the range of between 11% and 15%. At current levels, the share is trading 11.86% below it's 21-week EMA. As highlighted at the start of the week, I am expecting lower levels toward the incline support which extends back to the March 2020 lows. This would coincide with the price being well it's 21w EMA - potentially giving traders an buy/long reward-to-risk.



MNP Note as published on Monday, 21 October.


Lester Davids

Analyst: Unum Capital

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