MTR Corp heading for renewed sell-offContinued downside pressure is heading for more sell-off based on the technicals indicated although the stock had a strong rebound in late March 2020:
1. The stock upside rebound was capped at the resistance turned support level at 42.55 and forming a bearish engulfing candle.
2. The bearish engulf
The Story of MTR Corp Hong KongSince finding a bottom near $43 in November it has formed a higher low around $45.
A rebound could be happening soon after Month long consolidation since 12 Dec 2019.
Targets $47, $50, $55, stop loss below $44.8
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Displays a symbol's price movements over previous years to identify recurring trends.