MEG (Megaworld Corporation)

[tarantrader]

Kala ko priceless...

[micro]

i'm lucky, napigilan ko mga daliri kong pumindot ng computer keyboard... kala ko mura na sya...pagnagkataon, mumurahin ko sya!

[harley]

here's my updated chart of meg. i'm looking for a breakout tomorrow. if not, looks like it will stay at 1.16-1.26 range.

MEG100301.png (42.78 KiB) Viewed 563 times

[yeahbah]

Bearish Bat

Sell 1.4 / 1.42

meg.png (131.75 KiB) Viewed 494 times

[IZEE]

oo nga no.. nice!

[lukie]

Sir yeahbah clarify ko lang, magiging bearish if it hits 1.40 but if it goes sideways at lets say 1.34ish ok lang sya?

[yeahbah]

The bearish pattern will be invalidated if the prices goes sideways for an extended period of time. Ideally the angle of AB must be the same as CD -- AB=CD. Anything can happen when the price action is sideways.

[betheone]

yeahbah, if that's the case then MEG should hit 1.40 today or Monday at most for the angle to be the same?

I started C at Feb 19 but it can also be Feb 24 since between those days, MEG went a bit sideways. If Feb 24 is the point C, then we have 2-3 more days to hit 1.4.

[yeahbah]

It may or it may not hit 1.4. If it does you may sell if you like.

The ideal AB=CD in the Potential bat pattern is already complete hence MEG could go down anytime, also considering that the price have hit 61.8% X-A retracement.

The bat pattern will only complete if AB=CD extends to 261.8%.

[betheone]

oh ok! Thanks for the clarification