TipTVFinance

Morrison – Resuming next leg higher

LSE:MRW   MORRISON (WM) SUPERMARKETS PLC ORD 10P
Daily chartBullish break from symmetrical triangle

Rebound from symmetrical triangle support followed by a break above 194.00 (Aug 12 high) coupled with bullish daily RSI and money flow index suggests prices are likely to target recent cyclical high of 210.10 (Mar 7 high).

Only a day end close below 187.40 (Aug 17 low) would signal bullish invalidation.

nice call
Reply
Thanks :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out