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.:...
Metcash (ASX: MTS) has been trading within a narrow range of $3.48 – $4.33 for the past 52 weeks and is currently trading at $3.62, at the time of writing. However, over the last 90 days, MTS has experienced a decline of -7.42%, indicating a negative trend in the market. Unfortunately, this trend has accelerated over the last 30 days, further pushing the stock...
The Metcash Ltd (ASX:MTS) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days below 0. Since 2000, this type of indicator persistence below 0, was usually the forerunner to some short-term upside.
The 20-day average absolute return, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, is 6.18% with a win rate of 16 from...
The Metcash Ltd (ASX:MTS) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days below 0. Since 2000, this type of indicator persistence below 0, was usually the forerunner to some short-term upside.
The 20-day average absolute return, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, was 5.56% with a win rate of 14 from...
The spread on this one looks enticing. I actually don't see anything wrong with it (fundamentally) but I am a lamen when it comes to fundamentals.
I also think the bounce times perfectly with government easing up on restrictions.
Trade setup today long $MTS Metacash on the ASX. I like the dip, double bottom and higher high green candles trending bullish. Went in with 4251 units at 2.35. Targets and stop loss set. As always trading is risky and can go against us at any time no matter how good a chart looks. As such risk management is king, cut losses early and let winners play out. Not...
