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METRO INC

H&S, nice buying opportunity?

By xsubtownerx
Updated
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.
Comment
Will most likely start a position here tomorrow or Thursday if markets start to calm themselves a little.
Comment
Nice reversal candle today. Low volume is a bit a of a drag but we're getting close here.
Comment
Still very much in play for short term bounce (3-5%) as anticipated. Hammer candle with volume should mean a good start to next week.
Trade closed manually
MRUS&P/TSX Composite

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