RossLarter

MNP - out of upward trend

Short
RossLarter Aggiornato   
JSE:MNP   MONDI PLC
MNP has broken out through the bottom of an upward channel that it has been trading in since the end of April. My expectation in a previous idea is that it would bounce off the bottom of the channel and return upwards, but it has, in fact, broken through and is on its way down. It is currently on a support level and if it breaks through, I will consider a short position.
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