Additonal bearish signal for MEG

MEG continue to drop and is not showing any reversal pattern yet. Instead, it reinforces the already bearish sentiment via the Kumo break today. Yesterday the price was in the brink of breaking and today it totally break away from the cloud.



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A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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