TheChartHub

Choppy chop chop down?

NASDAQ:MEIP   MEI Pharma, Inc
Choppy price action. Broke out from the descending triangle but little volume thus the retracement back to the key s/r neckline. Three-point of confirmation above 4H support could be broken if volume does not pick up.

Not financial advice
Comment: Choppy price allowed it to drop the price further down; bouncing from a new low back above the 4H support. I do not see the price to hold this level but likely trade slightly below the support.
Comment: double bottom in sight????

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