Technical Anlaysis MEG

MEG rose to a high of P3.31 but then dropped to P3.11 to end the week. The P3.30 level seems to be a significant resistance level. The 200-day moving average at P3.44 also acts as a resistance. P3.10 and P3.01 serve as supports. The daily MACD has just crossed below the zero line.

Strategy: Range trade

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