clair097

Metro Retail Stores Group, Inc. MRSGI's price action is moving in a 5-month Downward Price Channel and is now hovering the major support at around 3.6 (3.5~3.6 support zone). Trading Plan - Potential buy or accumulation around the support zone (position trade). This is a medium term setup. - Set Stop-Loss on breakdown from support zone (a few points below 3.5).

Metro Retail Stores Group, Inc. MRSGI is potentially consolidating in a Descending Triangle pattern, considered a bearish and trend continuation pattern on support breakdown. *Immediate support area is around 3.51~3.56. Trading Plan - Avoid for now and monitor how the triangle pattern unfolds.

Metro Retail Stores Group, Inc. MRSGI is potentially forming a Falling Wedge pattern, a bullish trend continuation pattern. A breakout from this pattern will likely revisit the resistance around 4.4~4.5. *Potential bullish signal on Stochastic near the oversold territory. *Support around 3.52/3.5. Trading Plan - Buy on breakout. - Potential target to initally take profit or scale down position is around the resistance area. - Set stop-loss on breakdown from support at 3.5 (risk/reward ratio is not very attractive when immediate TP is only around 4.4~4.5. Profit run on breakout from resistance.