Ivory_Wolf

Potential outside week and potential bearish breakout for MTS

Short
Ivory_Wolf Updated   
ASX:MTS   METCASH LIMITED
As noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), MTS represents a potential bearish opportunity should momentum continue and lower lows be made to confirm the outside week. Stop loss for the trade would be above the high of the confirmed outside week, should it confirm (i.e.: above the high of $3.82 from 15th November).
Trade active:
Further update provided in the latest weekly video update for the week ended 24-Nov, noting that trade had activated on Tuesday 21-Nov.
Trade active:
Further update provided in the latest weekly video update for the week ended 01-Dec, noting that earnings were upcoming early in the following week with potential support of $3.46 from 07-Jun.
Trade active:
Further update provided in the latest weekly video update for the week ended 08-Dec.
Trade active:
As noted in the latest weekly video update for the week ended 15-Dec, be wary of the potential key reversal bottom formed on 15-Dec, although this was formed on fairly lacklustre volume (key reversal formations can generally signify the end of a trend when accompanied with significant volume).
Trade active:
Further update provided in the latest weekly video update for the week ended 22-Dec.
Trade active:
Further update provided in the latest weekly video update for the week ended 29-Dec.
Trade active:
Further update provided in the latest weekly video update for the week ended 05-Jan, with specific note that some caution warranted considering a stubborn RSI remaining above it's average line (share price now within 'no man's land' territory between the 10 and 30 day MA's).
Comment:
Further update provided in the latest weekly video update for the week ended 12-Jan, with specific note that share price closing firmly above 10 and 30 day MA's - caution warranted, considering chart pattern dynamics in play (depending on risk tolerance; remove from watchlist).

View latest weekly video updates:
- www.youtube.com/watch?v=A8YSUZjo7hA (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=QfOIt_7R-3c (Crypto review)

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