All price levels are algo targets. Expect a reaction at every one of those.
Green= Buy, possible dip target to reenter long
Red= Sell, dip expected at those regions
White= Has to break to confirm following price target
Arrows do not represent the time accurately.
MRE.TO is poised to go substantially higher as early as first thing tomorrow morning. Charts are showing a bullish break to 15% level as early as tomorrow. Ascending triangle with strong volume and increased price targets are all contributing to higher highs and higher lows. News of Nafta agreement will certainly push the stock back to the 17.00$ level as...
Watch for a strong short term bullish rebound. Stock remains in Extreme oversold territory on all perimeters. Day's range 14.18 - 14.88. Analysis based on technical data 52-points, up to date market averages, sector averages and price momentum, along with most recent global market data (positive 2018-07-09). Probability of days range Extremely likely for MRE.TO.
This is one of those immediate buys on the dip. The company has strong fundamentals with explosive short, medium and long term growth. Martinrea International Inc is not only grossly oversold, but also dipping below retracement levels and hitting hard resistance at 13.15 $ per share. Not only is the company trading at a resounding P/E of 6.6 x , but its increasing...