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LeLaf
Jun 21, 2020 3:21 PM

MEI: Ascending triangle repeating itself Long

NYSE:MEI1D
Methode Electronics, Inc.NYSE

Description

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Ascending triangle on descending volume
Price stopped at 37.25$ resistance
Came back down to 30.59$ support.
May bounce on support and point North again.
PPS above 50MA
200MA pointing up
RSI at 50
ATR in upward motion

Very similar setup as 2019

Could see 39,83$ if it bounces back from support.
Chart Patterns
Comments
LeLaf
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Bouncing off 27.50 support.
LeLaf
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Bouncing off support close to the red zone. Will it run up?
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