Sellers applying the pressure as price struggles to hold higher levels

Potential Sell Entry Alert MTS

 

Time Frame : Daily/Weekly

Sector : Food and Staples Retailing

Key Stats : $2.53 Billion Market Cap, VWAP 2.785, ASX Ranking 133, 4 Week Av Turnover $9,755,397, Current Turnover (Intraday as at time of alert) $2,101,840, Div Yield 4.68%.

Company Overview : Metcash Limited (MTS) is a wholesale distribution and marketing company specializing in grocery, fresh food, liquor, hardware and automotive parts & accessories. MTS operates in Australia and a smaller liquor business in New Zealand.

Broker Consensus : HOLD/SELL

 

MTS – Metcash Limited

MTS continues to come under pressure since our last alert and we are focused now on a sell entry setup. Buyers are struggling  to push price back up to 3.00 so a lower high may be on the cards as the sellers apply the pressure and more buyers decide to lock in long term gains. On the radar now for the entry.

 

Stock Code : MTS – Metcash Limited

Company Website : www.metcash.com

Current Price : 2.785

Status : On watch for Sell entry setup

 

 


Previous Alert 27/11/18

Potential Sell Entry Alert MTS

 

Time Frame : Daily/Weekly

Sector : Food and Staples Retailing

Key Stats : $2.55 Billion Market Cap, VWAP 2.747, ASX Ranking 137, 4 Week Av Turnover $11,002,369, Current Turnover (Intraday as at time of alert) $2,586,882, Div Yield 4.64%.

Company Overview : Metcash Limited (MTS) is a wholesale distribution and marketing company specializing in grocery, fresh food, liquor, hardware and automotive parts & accessories. MTS operates in Australia and a smaller liquor business in New Zealand.

Broker Consensus : HOLD/SELL

 

MTS – Metcash Limited

MTS is coming under pressure from longer term and shorter term traders. A major lower high held at 3.10 which is bringing in more sellers to the action so we see a potential fora longer term move down to 2.00 on the cards. Watching the daily charts now for a sell entry setup.

 

Stock Code : MTS – Metcash Limited

Company Website : www.metcash.com

Current Price : 2.77

Status : On watch for Sell entry setup