xsubtownerx
Long

MRU Weekly Look - People Gotta Eat!

TSX:MRU   METRO INC
Pretty simple long setup on the weekly. We had a hammer close and RSI (5) shows extreme oversold. We can see a similar candle on the week of June 20th, which then lead to 4 straight green weeks. I don't expect much more downside for #MRU from this point. I have a short term target of 45.15 and 46-48 long term. There is a lot of open interest for the October 16 46 calls and 48 calls.
Comment: The beauty with stocks that have a low beta is that they do what they should be doing. TA trumps all with these. :) Most likely a test of the resistance (1) next week with MRU.
Comment: Looks ugly right now but I still think we get a retest of the 45-ish resistance by the end of October.
Comment: 45$ is still the goal.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out