METIS
showing some weakness here, part of market wide pressure -
Obviously fundamentals remain strong but there is a large gap from $46 to $66 that looks like it could get filled.
Price currently hovering around the EMA 50 on the daily, trying to find support, however price action appear weakening. We may see a bounce again but I think we head lower.
Over the gap on the $46 to $66 there are two supports, on at $65 and one at $50. Both would be opportunities to buy back in.
However if we wick down to one or the other I suspect there will be some infill subsequently allowing a repeat entry.
This is an opportunity to assess METIS eco project, identify your potential entries and wait.
Obviously fundamentals remain strong but there is a large gap from $46 to $66 that looks like it could get filled.
Price currently hovering around the EMA 50 on the daily, trying to find support, however price action appear weakening. We may see a bounce again but I think we head lower.
Over the gap on the $46 to $66 there are two supports, on at $65 and one at $50. Both would be opportunities to buy back in.
However if we wick down to one or the other I suspect there will be some infill subsequently allowing a repeat entry.
This is an opportunity to assess METIS eco project, identify your potential entries and wait.