Mondi is an international paper and packaging group with production operations in over 30 countries. The group’s key operations are in central Europe and South Africa.
Mondi tends to be resilient to economic cyclicality through its focus on corrugated boxes, which are primarily used in defensive sectors such as food and beverages. The company is viewed as a core portfolio holding.
Technically, an inclining channel pattern makes the share attractive as an investment opportunity (see the green and red parallel trendlines on the main chart as well as the insert).
An inclining channel pattern, used to identify bullish patterns, is made up of two upward parallel trend lines. First, one must identity at least three higher lows (L and HL) in a series. Then draw a trendline …