Happy New Year everyone. Just got back from year end vacation.
Have been following MYEG since Nov 2021 (link below), pull back after attempt breakout. (50% of the time pull back will happened in stock market), our job is to monitor if the pull back is a healthy or unhealthy pull back.
Seem like this round is natural reaction where pull back <10% range. Price stand firm back up MA50. Entire VCP form 4 contraction below:
C1: -31%
C2: -10%
C3: -9%
C4: -4%
Awaiting strong demand come in and breakout again!
Disclaimer:
Not a buy call recommendation, technical analysis sharing based on chart pattern analysis. Trade at your own risk.
Have been following MYEG since Nov 2021 (link below), pull back after attempt breakout. (50% of the time pull back will happened in stock market), our job is to monitor if the pull back is a healthy or unhealthy pull back.
Seem like this round is natural reaction where pull back <10% range. Price stand firm back up MA50. Entire VCP form 4 contraction below:
C1: -31%
C2: -10%
C3: -9%
C4: -4%
Awaiting strong demand come in and breakout again!
Disclaimer:
Not a buy call recommendation, technical analysis sharing based on chart pattern analysis. Trade at your own risk.
