Mondi continues its bullish trend in order to test new highest level.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.95 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technical patterns are in the green: prices are up for several months. The bullish impetus should continue in the coming trading sessions. The 20-day moving average should help to reach the GBp 1003.5 mid-term resistance.

Thanks to these good indicators, it seems relevant to take a long position in Mondi at the current price. The target price is the GBp 1003.5 resistance. A stop loss will be set under the GBp 807.25 short term support because a breakdown of this level would damage technical pattern.