Bearish potential detected for MTS

Wait 5 sec.

Bearish potential detected for MTSMetcash LimitedASX:MTSIvory_WolfEntry conditions (Darvas box failure play): (i) lower share price for MTS along with swing up of ADX/DMI indicator and decline in RSI. Depending on risk tolerance, the stop loss for the trade would be: (i) above the long term resistance level of $4.00 from 17th April 2023, or (ii) above the declining 30 day moving average (currently $4.05), or (iii) above the high of the recently formed Darvas box of $4.16.