MND – Monadelphous Group Limited

Stock : MND – Monadelphous Group Limited

Current Price : 12.49

Status : On watch for buy entry setup

MND has been on the cards previously and did play out as expected but without us. We now see price building for a move higher out of contraction through 13.25 although there is still some work to do. We are now watching for price to build the higher low above 12.00 as buyers step in to soak up selling pressure. All there is to do now is watch the action.