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...
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.
PPS above 50MA and 200MA
250RSI above 50
No resistance above 61,71$
RS ascending, but still under 0
R/R ratio above 11
RS still under 0
PT = 70,13
Could go higher
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
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.