Technical Anlaysis MEG

Stock: MEG
Company: Megaworld Corporation
Support: 3.60 / 3.30
Resistance: 4.10 / 4.43


MEG broke out from its resistance at 3.60 and now its rallying in an uptrend channel.

If price stays above EMA 200, a trend reversal may be susceptible and may tend to raise its potential to an extended rally.

Recommendation

Trade buying

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Technical Input: MEG | October 26, 2020 

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  1. […] Technical Input: MEG | November 18, 2020 In depth Analysis: Is it the right time to buy MEG?In-depth Analysis: Is it good to buy MEG for position traders? Technical Input: MEG | October 26, 2020  […]

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