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| Morrison (WM) Super Markets Plc |
RECOMMENDATION BUY
TARGET 195
The Major trend of the top stock picks for today Morrison (WM) Super Markets Plc is sideways and
it is showing strength for buying. If it moves above the resistance
then one can initiate the long position in the stock. If it breaks
the level of 190 upside then it can show upside movement for the
target of 195 with the stop loss of 186.
CHART FORMATION:-
Stock is trading near its resistance and breaking above that
trendline will lead to buying in the chart. Crossing the resistance
will lead to upside movement. Stock is trading above the 50 & 200
DMA with positive bias.
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| Technical Chart |
INDICATORS:-
RSI is trading near to 70.13 level with positive bias, in upcoming
session upside movement is expected. Volume is also increasing as
pattern is near its breakout.
MACD and Signal line is sustaining above the zero level line.
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