Stock: MRSGI
Company: Metro Retail Stores Group Inc.
Support: 1.40
Resistance: 1.55 / 1.66
- Rebounded near the 61.8% fibonaci retracement level.
- Able to hold its base support at 1.42.
- Trading in a oversold condition.
Recommendation
- Bounce Play.
- Target Price: 1.55 / 1.66 (EMA200).
- Stop loss level: if falls below 1.40 (psychological base support).
