Post this large rising wedge formation price has recovered back to the major up trend line and has poised itself above this trend line
Areas in green rectangles are very similar price / indicator situations
Areas in white are drops below the Trend Line
Bullish Potential
NYSE:MET
Interesting situation is formed by MET. At the last session seller tested a strong mirror level, however, it was not possible to take it from the first time. And that's why:
1. Strong mirror level.
2. Long buyer protects level 50.96.
2. A long-time retest.
3. Short player hited the level with a long paranormal bar and immediately bounced.
This...
On April 28, 2017, the MetLife 20 day moving average (DMA) crossed below its 150 day moving average (DMA). Historically this has occurred 24 times and the stock drops a minimum of 1.184%. The median drop is 3.894% and maximum drop is 10.709 % over the next 12 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at...
$MET broke coil to downside on daily.
However, w/ the .618 fib touch, bounce, and break above the .5 and .382, could see a complete reversal here if we see a break of apex to upside, and still has major MA's above.
Could just be a retest, but gap still open above wedge.
