Bearish potential detected for MTSEntry conditions (Darvas box failure play):
(i) lower share price for ASX:MTS along with swing up of ADX/DMI indicator and decline in RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the long term resistance level of $4.00 from 17th April 2023, or
(ii) above the declining 30 day moving average (currently $4.05), or
(iii) above the high of the recently formed Darvas box of $4.16.
