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Writer's pictureLester Davids

Trade Alert: Mondi Plc

Updated: Nov 14

Wednesday 13 November 2024 (Time: 11h53)

Share Code: MNP

 

Unum Research Attains 3rd Place In The 2024 Securities Broker Awards.

 

Below is the TEXT as per the accompanying image:


HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The share has been sold off aggressively and is in a high bearish momentum regime while approaching oversold. I do not think that THIS is the exact low (i.e. I am expecting lower levels) however, this may be a RANGE to starting building a buy/long position with the expectation that a base starts to form over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 09 May 2025.


Trading Levels

Suggested Entry: 26768c or better/lower (this was the price at the time of writing)

Target: 29700c

Stop-loss: 25400



MNP's Model Reading as of 11h46


Lester Davids

Analyst: Unum Capital

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