morrison

TipTVFinance TipTVFinance MRW, D,
MRW: Morrison eyes floor of the expanding channel
6 0 3
MRW, D
Morrison eyes floor of the expanding channel

Rejection at the rising trendline + falling tops + falling channel on the RSI suggests we could be heading lower to the floor of the expanding channel

RajDhall RajDhall PRO MRW, D,
MRW: Morrison (MRW LN)
10 0 3
MRW, D
Morrison (MRW LN)

Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues. R3 230.14 R2 Intraday ...

TipTVFinance TipTVFinance MRW, D,
MRW: Morrison – Resuming next leg higher
21 2 3
MRW, D
Morrison – Resuming next leg higher

Daily chart – Bullish 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.

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