BUY AND HOLD METROPOLIS HEALTHCARE
Updated
Posting this pre-breakout.
METROPOLIS has consolidated for 6 months after giving a breakout from previous resistance trendline. The stock has so far faced 7 rejections from its new resistance trend line. A breakout from this trendline will be extremely bullish and can gain very high momentum.
Look to enter after breakout at 3500-3600 or at the support trendline at 2900-3000 levels. (incase the stock retraces back).
Company also has decent fundamentals. One can buy and hold for long term investment.
METROPOLIS has consolidated for 6 months after giving a breakout from previous resistance trendline. The stock has so far faced 7 rejections from its new resistance trend line. A breakout from this trendline will be extremely bullish and can gain very high momentum. Look to enter after breakout at 3500-3600 or at the support trendline at 2900-3000 levels. (incase the stock retraces back).
Company also has decent fundamentals. One can buy and hold for long term investment.
Note
*Price has broken out of the pattern. Waiting to break CPR resistance of 3500 levels to enter.*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.