Morrisons

Diver - supermarkets have seen some hammering.

I have also got 198 as a potential alert for MRW, so there are 3 scenarios that I am wathing at the moment:

1. A doji at 198
2. A 123 setup with a break of 216/217
3. A dodgy candle (lol) near 198 and it breaks down further....

I am also watching Tesco, which seems to have broken down in which case will keep an eye on the bullish candle..

dl.dropboxusercontent.com/u/7238706/Morr...arkets%20%28-%29.png

Possible 123Low forming here. If it plays out then it should also fill the gap...

Closed at 248 on the rumour of the buyout.

258 could be good but, thereafter I think this may be forming a flat and drop to 219 area so best be careful.
Diver

MRW looking good at this level. Monthly/weekly trendline support at 227-234 coincides with technical support around 232/233. Stops below 225 and my target is around 258.

dl.dropboxusercontent.com/u/7238706/MORR...%20%28WM%29Nov14.png

This is another that is beginning to look over-sold on both the RSI and Stoch; and approaching a trendline; and approaching the same fib% it turned at last time.....