Sellers to hold out on Metro Bank

Share On Facebook
share on Linkedin

Metro Bank shares (LSE:MTRO) are extremely bearish and that is expected to continue. The current bearishness started several months ago.

In March 2019, price gapped downwards and went further and further downwards, now below the lower Trendline.

The RSI period 14 is below the level 20, signaling a very strong bearish trend in the market. While there may be occasional rallies along the way, the major bias remains bearish and further southwards movement may be witnessed for the rest of the year 2019.

The demand zones at 260.00, 250.00 and 240.00 are easy targets.

Trading realities: Trading realities


CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220127 13:43:54