Metair (MTA) produces energy solutions (batteries) and components for the vehicle manufacturing business. It has operations in Africa and in various European and Middle East countries. The company's energy storage business is located in Turkey in an operation called "Mutlu". The business it is in has the prospect of growing rapidly as electric motor vehicles...
Metair was looking extremly oversold however a nice bounce of key level has now given opportunity for decent bounce
Metair (MTA) produces energy solutions (batteries) and components for the vehicle manufacturing business. It has operations in Africa and in various European and Middle East countries. The company's energy storage business is located in Turkey in an operation called "Mutlu". The business it is in has the prospect of growing rapidly as electric motor vehicles...
Box Formation has formed with MTA. Now we need to wait for the breakout. Now this is funny. Normally box formations are Continuation patterns. As the prior trend was down, we would expect the price to break down. However, we are seeing higher lows and the support is being respected. So I am favouring an upside breakout. But in the meantime I'll give you...
I missed the entry on this one at support and will wait to see if there is a pullback for entry. Volume looks interesting with the recent has pick up.
Falling Wedge which looks more like a rectangle flag formed on Metair. We then saw a Major breakout today. The next target is generally to the top of the formation. However, we have mixed signals and a warning. 200>21>7 - Bearish RSI>50 - Bullish Target R30.00 WARNING We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We...
MTA holding a 60 day support line within a bullish trend, reward to risk 2:1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
I'm quite the advocate of using Support & Resistance Levels analyse price action. Here I have used the Parabolic SAR to identify Period High & Low prices, then I plotted the Fibonacci Retracement. There appears to be a move higher away from the Volume Weighted Average Price, suggesting to me that investors are Bullish on the future prospects of this share. That...
Just a warning on this one. Low liquidity means you have to adjust you stop loss for wild swings. You also must be willing to keep the position for a long while to achieve targets.
Bull flag break and first target is in the pipeline.
After the bull flag break the 2150 target is looming. (Warning - Sometimes wide spreads on bid and offer prices)