MRSGI Triangle Consolidation
Metro Retail Stores Group, Inc.
MRSGI is potentially consolidating in a Descending Triangle pattern, considered a bearish and trend continuation pattern on support breakdown.
*Immediate support area is around 3.51~3.56.
Trading Plan
- Avoid for now and monitor how the triangle pattern unfolds.
MRSGI is potentially consolidating in a Descending Triangle pattern, considered a bearish and trend continuation pattern on support breakdown.
*Immediate support area is around 3.51~3.56.
Trading Plan
- Avoid for now and monitor how the triangle pattern unfolds.
Comments
Post a Comment