The action of the day was, in essence, a typical sell off for the mtro capping region - until it got to last close. There was a beautiful squeeze on it, and bought up instantly. Given that was a negative sentiment price for most, its either shorters buying back, or more fund accumulation. NOt sure which
Famous last words on this stock, but expecting imminent...
I will keep this simple my friends. Your news/hope. is just here. If it does not arrive within 10 days, i am very happy to call myself , and any credibility, destroyed
Allow for volatility and movement Monday / Tuesday, and you, imo, will do very well
Just be careful. Time out well. Because when sector norm returns to mtro, down she will most likely go
Clearly Metro Bank printed a double bottom at 68p in March 2020 then again in May 2020. Then only to break free of a downwards pattern, which is now testing the former top.
With Metro almost doubling, expecting a retrace to around the 100p mark, only to continue the uptrend.
Recent News for Metro Bank: