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Online Share Trading

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Metorex to move upwards

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sk_1
Super Contributor
A broker friend has just sms'd me to go long on Metores at below 2350. Stoploss at 2000 and take profit at 2550. Any comments? Technically the graph looks good!?
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5 REPLIES 5
platsak
Super Contributor
Was a punt on RHT as well. Something to do with licences in the DRC being sorted? Volumes looks low. Theres a few forumites that know this share. I would be interested to hear their opinion.
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Blik
Super Contributor
Patrik was always the forumite for this one.
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Galuc
Super Contributor
Director just bought R21 bar worth of stock, this must be a good sign?
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Not applicable
Technically I think Metorex has broken support drawn from Jan 2008. Probably a return move to R23 before moving lower. OMO
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hdk, this graph looking technically good to you? Looking pretty ominous to me.... As my Roman friend here points out the main support trendline has been broken but more significant to me is the forming of a double top formation at 24.80 (failure to make new highs in an uptrend is a sign of weakness). If MTX closes below 21.66, then look for a move down to 18.61. Technically this is one I'll be following closely...
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