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
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Thanks :)
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