MRSGI potentially forming a bullish trend continuation pattern

Metro Retail Stores Group, Inc.

MRSGI is potentially forming a Falling Wedge pattern, a bullish trend continuation pattern. A breakout from this pattern will likely revisit the resistance around 4.4~4.5.

*Potential bullish signal on Stochastic near the oversold territory.
*Support around 3.52/3.5.

Trading Plan
- Buy on breakout.
- Potential target to initally take profit or scale down position is around the resistance area.
- Set stop-loss on breakdown from support at 3.5 (risk/reward ratio is not very attractive when immediate TP is only around 4.4~4.5. Profit run on breakout from resistance.


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