The major trend of Morrison Suppermarket Plc is bearish and managing to sustain at lower level with negative bias. Stock is facing resistance from the falling trend line and sustaining below that which indicating the weakness in the stock. Breaching of the level 167.50 it can test the level of 162.50 with the stop loss of 170.50
I’d rather see this share rebound. It dropped too much lately in my opinion, and I think it’s undervalued right now. That’s a really nice dividend payer for long term.