Metro Bank shares (LSE:MTRO) are extremely bearish and that is expected
to continue. The current bearishness started several months ago.
In March 2019, price gapped downwards and went further and further
downwards, now below the lower Trendline.
The RSI period 14 is below the level 20, signaling a very strong bearish
trend in the market. While there may be occasional rallies along the way, the
major bias remains bearish and further
southwards movement may be witnessed for the rest of the year 2019.
The demand zones at 260.00, 250.00 and 240.00 are easy targets.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
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