MRSGI Price Action Analysis
Metro Retail Stores Group, Inc.
MRSGI's price action is moving in a 5-month Downward Price Channel and is now hovering the major support at around 3.6 (3.5~3.6 support zone).
MRSGI's price action is moving in a 5-month Downward Price Channel and is now hovering the major support at around 3.6 (3.5~3.6 support zone).
Trading Plan
- Potential buy or accumulation around the support zone (position trade). This is a medium term setup.
- Set Stop-Loss on breakdown from support zone (a few points below 3.5).
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