MYEG is expected to rebound within Fibonacci Retracement 50% (1.84) area. Then, continue find the next resistance at R1 = 2.12 . If the price close above R1, the next resistance will be R2 = 2.52 . There is a large Gap Down at 14 May 2018 to close.
Time-Frame = TF(1W)
MACD Mode: Uptrend and bearish
This is not a buy call but just an...
Falling wedge breakout, sign of improvement and coming days, the stock may retest support at MA50 to build another leg for true rebound. Key hurdle to break now is Fibo Ext first tier at 1.89
Eyeing target for Notion and MYEG at around 1.39-1.40 each. This week or untill next week. Tomorrow might see a little consolidation/down before it start to climb. However wait for confirmation signal, and if it show earlier down signal - exit.
Recap our earlier message for those who want to contra, MYEG has hit forecasted resistance at 1.23 today, good to consider exit. Indicators are turning bullish following these few days price recovery, but careful stock in bearish trend will easy to deteriorate recovering indicators.