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).

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