Metcash

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Metcash: 0.618 Fibonacci Retraction (2.4)

Metcash: The current Fibonacci Retraction levels are: (23.61%) $2.74: (38.2%) $2.45: (50%) $2.43: (61.8%) $2.4The current support levels are: (78.6%) $2.35: (100%) $2.3: (138.2%) $2.2: (161.8%) $2.15: (261.8%) $1.9: (423.61%) $1.49

CMF highlights continued positive divergence for Metcash

CMF highlights continued positive divergence for Metcash

[BULLISH]: Metcash current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.04. Metcash (ASX:MTS) received a confirmed CMF crossover days on the Feb 17 2020. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.07 occurring on the Feb 17 2020.

Open/close reversal confirmed for Metcash signalling the buyers have lost commitment

Open/close reversal confirmed for Metcash signalling the buyers have lost commitment

[BULLISH WEAK]: Metcash opened in the lower part of daily range at 25% & closed in the middle part of the trading range at 50%. This suggests the buyers have lost commitment. Over the last 12 months there has been 3 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 25%.

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