MEG is moving inside an upward bias channel. Did you notice that MACD gives a red signal everytime price touches the channel. Note 3 and 8, 5 and 9, and 7 and 10. Let's see if MEG will bounce at the channel support and stay inside the channel. If it does, then its a perfect entry since reward is 3X higher than risk. Pls note the volume on OBV. Many are just holding. No exodus of the real investors who intend to hold for loooooooooooooooooooong.
Wednesday, June 17, 2009
MEGa channel support
MEG is moving inside an upward bias channel. Did you notice that MACD gives a red signal everytime price touches the channel. Note 3 and 8, 5 and 9, and 7 and 10. Let's see if MEG will bounce at the channel support and stay inside the channel. If it does, then its a perfect entry since reward is 3X higher than risk. Pls note the volume on OBV. Many are just holding. No exodus of the real investors who intend to hold for loooooooooooooooooooong.
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