Long
MONDI LTD JSE
We have an ending diagonal forming right about the demand zone. This signals the exhaustion of the sellers, signaling there is an upcoming massive buyers momentum in a few days as this is a Daily Chart. We also have a divergence on the RSI around the current market zone, so I am expecting it to drop a little on smaller timeframes then shoot up. My safe entry zone will be at 31961, holding that up towards the TP at 37342 with a stop loss at 29796. It is important to wait for the pattern to completely form so you can be sure and certain of the next move of the market and minimize risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.