McPhersons is a supplier of health, beauty, household and personal care products in Australasia and increasingly China which caught my attention. Looks like it might be about to have another bit of a run after a period of consolidation. Might be worth a watch.
McPherson's Limited is a supplier of health and beauty, consumer durable and household consumable...
Long-term view: $MCP may have bottomed after coming out of a 3-year long inverted Head & Shoulders pattern back Feb. It's currently in Stage 2.
Current view: after bouncing off the 50 & 200DMA on Aug 23, $MCP gained over 20% in 6 days on strong volume. The current low volume pullback, the bounce on above average yesterday (Sep 19) and then the inside bar today...
