Metropolis Healthcare Ltd. is a beautiful picture perfect Rounding bottom pattern on weekly charts.
1. Narrowing Bollinger Bands on Weekly and monthly charts
2. RSI above 60 on Daily and Weekly charts
3. Price Crossed above resistance line
4. Major Supports near 1650- 1600 levels
5. Stock making higher highs for last two days
6. Both SRS and ARS above zero
7. 20 SMA crossed above 50 SMA recently
Can be a good risk reward with next resistance near 2090-2375 and 2660 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Narrowing Bollinger Bands on Weekly and monthly charts
2. RSI above 60 on Daily and Weekly charts
3. Price Crossed above resistance line
4. Major Supports near 1650- 1600 levels
5. Stock making higher highs for last two days
6. Both SRS and ARS above zero
7. 20 SMA crossed above 50 SMA recently
Can be a good risk reward with next resistance near 2090-2375 and 2660 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.