Metro Performance Glass Limited (MPG.NZX)

21 November 2017

Technical Summary: Shares of MPG are trading near all time lows as the stock remains stuck in a severe
downtrend. It is a pretty ugly chart for the last year that has been punctuated by gap downs in the stock price. When the stock has attempted a rally it was cut short by the sellers. More recently there has been a small kick up in the stock price after a recent earnings annoucement. However the stock remains camped in a down trend and is not buyable at this point unless the investor felt that they were picking the bottom based off fundamental and value analysis.

Stock remains in a downtrend despite a recent kick up in price after earnings

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