An interesting one here gaining much interest from Global investors.
Recently interest in buying the bank has surfaced expect volatility but up is the way
2 funds are short on this with only 2% short float should be able to crush the shorts
BUY the stocks
LSE:MTRO
OANDA:UK100GBP
LSE:LLOY
LSE:BARC
NYSE:LYG
NYSE:BCS
Given the record net accumulation in June (truly amazing new record) - it is staggering to see July net accumulation at this level. in essence, the greed is amazing haha. Must be pretty big news coming imo
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...
Stunning, reading the sentiment across the board, given the weeks since mass accumulation are all bullish in the movement. You have to respect the players here. Sentiment control is staggering, as they collect all they require. Next chart , daily
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
This is the first of many trade ideas I will be posting, ALL ideas are my own interpretation of what I have come across looking through the markets or what has popped up or found looking through trading view, then with a bit of time spent looking into the trade and what i have learnt over the last 18 months, working out what id like to see happen or what i believe...
OK, DUMPING, WE SET UP BUY ORDER AT 4.20 SO WE CATCH THE DIP
YES WE LOSING MONEY, WE LOOKING AT THE LONG TERM
HOLD AS THERES A GAP THATS NEEDS FILLING.
CURRENTLY LOADED A 3RD TIME AT 72.55
AND ADDED A POSSIBLE 4TH AT 4.20 HAHAHA
A lot of people seem to be expecting that this has bottomed-out. But let's explore what the chart says...
Weekly chart (not shown) - Bounced off the underside of the Kijun Sen and looks set to continue with hidden stochastic and stochastic-RSI divergence. Still well under the Kumo (cloud).
Daily chart - Has formed a very neat running triangle continuation...
Metro Bank (MTRO),
I have ridden this piggy on a number of shorts for some time, basically based on the odd behaviour of the management (Particularly the doggo loving ex-Chairman Vernon Hill).
I have to admit I have been nervous about continuing a short position and actually got out quick on my last position and adopted a long position on Friday 15th November...
A lot of shorts have closed out in the past day or so and we seem to be forming a bottom here, so i think a rally is due on the daily for at least a double digit percentage gain.
(shorttracker.co.uk)
