Watch Mothercare

[Ian56]

Mothercare shows classic signs of a consolidation pattern, following on from its recent rise in January. A postive close tomorrow should confirm that it has risen above its recent trading range and a new uptrend is in place, pointing to a target of at least 2.50.

Any TA comments?

Regards,
Ian

 

[sefty]

The MTC lesson

Said to the wife last dec 1st pick out two shares that if you were trading you would buy.

She picked MTC
and SHP

guess whos doing well and guess whos doing bad.

Where did i put that pin!

 

[Ian56]

MTC looking very strong.
Broken out of its trading range of 2.00 to 2.10 on 400% of average volume.
RSI and OBV looking good.
RSI at just under 70 (where it was at the beginning of the 50p recent rise).

Regards,
Ian

 

[Ian56]

MTC looking good

MTC looking good for at least 2.50.
Up over 10% since first post in a falling market.

Any TA views on this?

Regards,
Ian