Metlifecare Ltd (MET.NZX)

15 March 2019

Technical Summary: You can see from the 5 year chart of MET tht the stock has recently broken through a critical level of support and finally moved out of a long term trading range to the downside. Thie commenced what looks like a strong downtrend for the stock. The next strong level of support appears to be at around $4 per share. The stock at the current juncture however is starting to look a
bit oversold and might need to take some time to consolidate.

Stock breaks long term support and appears to have moved into a downtrend

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]