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MEG - Megaworld (1 viewing) (1) Guest
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TOPIC: MEG - Megaworld
#7756
mickymac (User)
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Re: MEG - Megaworld 1 Year, 7 Months ago Karma: 1  
IMO lang this is an ascending triangle in the making. It takes some time before double tops are formed (minimum of 6 mos.) and the measurement of the retracement should be at least 30%.

The doji cross formed on June 8 is an indication of a short term trend reversal. Good to trade this one for a quick profit in 3 weeks time unless it breaks out of the pattern.
 
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... there is only one side to the stock market; and it is not the bull side nor the bear side.... but the right side.

Excerpts from "Reminiscences of a Stock Operator"
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#7789
meekes (User)
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Re: MEG - Megaworld 1 Year, 7 Months ago Karma: 0  
Possibly a divergence of MACD and Price. MACD is definitely forming a lower low, but still have to wait if Price will form a higher low.
 
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http://me-six.blogspot.com
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#8669
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Re: MEG - Megaworld 1 Year, 3 Months ago Karma: 0  
MEG H&S Bottom breakout??

setting target to 4.5....
 
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#8670
parabolic888 (User)
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Re: MEG - Megaworld 1 Year, 3 Months ago Karma: 0  
it could be. Can somebody please be kind enough to post the bigger picture?
 
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#8671
dgca (User)
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Re: MEG - Megaworld 1 Year, 3 Months ago Karma: 0  
go MEG!
 
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#8682
parabolic888 (User)
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Re: MEG - Megaworld 1 Year, 3 Months ago Karma: 0  
thanks! THe bottom formation sa near term is eveident. YOu guys know what that means already. Just remember to stay focused on the pschology!
 
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