Peet_Serfontein

MRO: bullish flag pattern applicable?

Long
LSE:MRO   MELROSE INDUSTRIES PLC ORD GBP0.22857142
A bullish trend is applicable above 147.00. Crossing below this level will negate the bullish trend.
A break below 148.50 will be the first sign of such pending weakness.
Consolidation between 150.00 and 156.00. Crossing above 156.00 might target 166.50.
Crossing below 150.00 will be the first sign of weakness.
Bullish flag pattern might be applicbale

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.