This chain of store have BEEN going up for many years. This little retracement at 69$ is the perfect entry for a swing to 74-75$. I'm buying this stock at 69. The next day it hit 71$ because of a new. Sold it at 71$ and going back in at the next 69$ retracement. This is no financial advice.
Each wave looks to move on a monthly basis. If you pick the lower and and sell at the centre of the channel it’s about a 7% gain
Metro stock will hit 68$+ during this next move up. It will do that because of the matrix, just watch!! :D Happy trading my little deplorables!!
Simple pattern analysis shows how much this stock loves cup handles. We are on a dip and approaching, guess what? - a cup handle. Stock is overall on an uptrend. I am buying some on the consolidation phase, and adding more if it proves itself. Good trading - N.M
From the ATH this has retraced 14% down into a demand zone. On nov 18 while it was in its 60 price range the company has renewed it's buyback program indicating that they themselves thinks it's undervalued. My previous idea of a channel has been nullified, but I still believe we are overdue for a bounce based on how price action is forming . Their PE ratio is...
This is a ticker that is one of the safer plays as grocery stores are not going anywhere anytime soon. If we take a look at their annual earnings we can see their revenue has increased as well as their profits. Comparing this years annual EPS with the previous years EPS of 3.15/2.79 we can see that there is a 13% increase in EPS. if we were to assume the price of...
Yesterday touched 6 month EMA. Should bounced up from here. Management is very good. Recently acquired Groupe Jean Coutu so next couple of years or so they'll integrate it in their own supply chain so there should be economies of scale from that. Probably will consolidate a few jobs too. They are betting on online grocery shopping and so am I.
Ascending triangle Pros Descending volume PPS above 50MA and 200MA 200MA ascending 250RSI above 50 No resistance above 61,71$ RS ascending, but still under 0 R/R ratio above 11 Cons RS still under 0 ATR descending If confirmed PT = 70,13 Could go higher
MRU.TO set to go to new highs ? 1 - 4 risk reward
Suite à la correction boursière des premiers mois de l'année 2018. Nombreuses sont les compagnies dont le cours boursier a baisser au cours des dernières semaines. Malgré le fait que le taux d'intérêt tant a monter et que techniquement les banques et le cours boursier devrait être heureuse et s'ajuster positivement ce n'est pas encore le cas. Donc cherchant en...
As of today, I am taking a more cautious approach to the Markets as a whole. Some of my stocks are showing bearish signs, MRU has 4/5 Ichimoku signals Thu MRU Toronto 23-Nov-17 40.00 Bear Tenkan/Kijun Cross Strong 22-Nov-17 41.03 Bear Kijun Sen Cross Strong 15-Nov-17 41.55 Bear Kumo Breakout 3-Nov-17 41.28 Bear Senkou Span Cross Strong 27-Sep-17 ...
Hidden Bullish Divergence on Daily TF Bunch of support levels lined up with fibs. Will be a good and safe buy to grab longs when smaller TF (4hr or 1hr) show a regular bullish divergence (lower price but higher momentum) I would split my buys at 40.8 and 40.07, stop below 38
Pretty simple long setup on the weekly. We had a hammer close and RSI (5) shows extreme oversold. We can see a similar candle on the week of June 20th, which then lead to 4 straight green weeks. I don't expect much more downside for #MRU from this point. I have a short term target of 45.15 and 46-48 long term. There is a lot of open interest for the October 16 46...
Pretty clear cut Head & Shoulders pattern here that has now created an interesting buying opportunity. At least for the short term. MRU has now hit the top part of its first support range and bounced off it as convincingly as it did in late June. Interesting setup right now.
This chart shows the share price of Metro Inc. as of January 30, 2016.
This chart tracks the stock price on Metro Inc. in real time.