MET - Potential swing downs for NYSE:MET by Creedxx


MET - Potential swing downs  for NYSE:MET by Creedxx

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Volume

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- Neutral

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Price Action

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- Double Top

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Technical Indicators

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- Ichimoku

>>> price within cloud

>>> Green kumo contracting

>>> Tenken [Conv] + Chiku [lagging] - approaching clouds and sloping down

>>> Kijun [Base] - approaching clouds and sloping down

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Oscillators

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- MACD bearish, crossed

- DMI turning bearish

- StochRSI, still bearish, near regions of oversold

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Conclusion

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- short to long term breakout swing

- price may reverse at current level, to enter spot or wait for pullback at entry 2.

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Positions

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Entry - $78.50

Entry 2 - $82

Stop - $87

Exit 1 - $75

Exit 2 - $72

Exit 3 - $69.50

Exit 4 - $66

Exit 5 - $61.50

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