Friday, May 23, 2014


meg chart as of 23 may 2014 
(click on the chart to enlarge)


1. the macd histogram is < 0; is lower

2. the sts < 20 (obersold); is lower

3. support: 4.43; 4.40; 4.33

4. meg has been going down for more than a week now ... and has gone below the 4.50 support for a while today before finally closing @4.52 ... 

5. nothing doing here ... just continue monitoring for the eventual upturn

click here for my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose