The action of the day was, in essence, a typical sell off for the mtro capping region - until it got to last close. There was a beautiful squeeze on it, and bought up instantly. Given that was a negative sentiment price for most, its either shorters buying back, or more fund accumulation. NOt sure which
Famous last words on this stock, but expecting imminent...
I will keep this simple my friends. Your news/hope. is just here. If it does not arrive within 10 days, i am very happy to call myself , and any credibility, destroyed
Allow for volatility and movement Monday / Tuesday, and you, imo, will do very well
Just be careful. Time out well. Because when sector norm returns to mtro, down she will most likely go
It affirms the June record accumulations. First breakout from June close support, without gap market interference. This could be a very good month in MTRO
Clearly Metro Bank printed a double bottom at 68p in March 2020 then again in May 2020. Then only to break free of a downwards pattern, which is now testing the former top.
With Metro almost doubling, expecting a retrace to around the 100p mark, only to continue the uptrend.
Recent News for Metro Bank:
- www.metrobankonline.co.uk
- www.finextra.com
- www.altfi.com
