MREAll 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.by DCCryptoacademyPublished 2
Imminent Bullish break Above 14.28MRE.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 investor confidence will return. This bullish run will be compounded with increased sales under the threat of tariffs. All in all, the stock is poised for new 52 week levels in as little as 1 month. Longby isnarainPublished 773
Strong Buy Opportunity 30% Short Term Gains Price action for MRE is poised for big gains in the short term. Once, NAFTA deal is concluded, the share price is poised for 30% short term gains. Don;t be left out on this undervalued investment. Longby isnarainPublished 2
Substantial Short Term Gains In PlayWatch 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. Longby isnarainPublished 111
Martinrea International Inc - Double Down Time! Strong BUY 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 revenues and net profit quarter over quarter; Beating and exceeding analyst targets. Future earnings for Martinrea Internation inc. are expected to grow by an astounding 14.51% year over year. Taking into account the company is exceeding those targets with an adjusted growth rate from 14.51% to exceeding targets of 22.67% year over year. Fears have risen over tariffs affecting this company. Subsequently, although the companies MAIN headquarters is located here in Canada, its manufacturing and assembly locations are allocated close to manufacturing centers globally (Fear is over blown-but that's the market for you). The impact from tariffs on Martinrea International is minimal as sourced materials are brought in from local distribution centers, therefore, it will not impact their bottom line. Regardless of any impact, governments locally and abroad have vowed to support industries affected by tariffs in their home country. What are the analyst saying; Low price target of:$19.00$ ps; Medium: $20.78; High: $23.00 ps. My End of Year Price Target is range bound between 18.50$ - 20.50$ per share. I see the latter being 20.50$ per share with the assumption that Martinrea International can continue to beat analyst Quarterly targets, which I see them continuing to outperform. That being said, the short term drop in SP will be short lived! Expect a strong rebound in SP starting Monday, 2018-07-09. The initial rebound will be fierce and forthright, as the share price WILL be returning to its first key resistance/support levels of $15.00 per share by the latter part of next week. I do expect a 20% gain in the short term (Less 2 weeks) and a more realistic trailing P/E of 7.6 - 8.9 x; however reaching a P/E of 10.2 x by years end. (Industry Averages are 10.6 to 20.3 x P/E). It makes me sick to see Martinrea International Inc. at these levels. It's just too grossly undervalued. Longby isnarainPublished 1