Summary
The flying saucers are coming to the rescue. I am strictly joining the trends of the trade because it seems the charts fight for me when they do that. Even when I go in the front side of a bearish move, the support from the long term chart comes in to turn the bearish move to a bullish move.
Ticker: MEIP
This chart broke out and the saucer seemed confirmed with a nice target. It can potentially go higher as I expect some kind of gap this week. |
Note: Even though it worked out, it could have been better.
Please let me know if you have any comments or opinions. I would like to know if you have spotted any mistakes in my logic.
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