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.