Gowing lower. Short to gap fill.Meteoric is likely to go lower and drop to 0.016 to 0.017 to gap fill from December 2022. Then we may see a significant move higher. This is not investment advice. DYOR.
MEI trade ideas
MEI - Holding Today I did not activate my stop loses for MEI and decided to hold until the next upwards movement. I made this decision based on the news that was released today regarding Multiple Wide High-Grade Gold Intercepts at Palm Springs.
MEI is currently overbought on RSI so hopefully the upswing will be sooner rather than later, but until I see an upswing I am going to stop charting this share and hold.
MEI LongPrediction
Next resistance at 0.086 then once this resistance breaks next resistance will be at 0.105
MEI Metioric Resources - WatchingHello,
on daily 50ma lower than 100 and 200, strong down trend on this with no positive divergence on macd or RSI. however the RSI is becoming oversold.
There is some longer term support between the 1.18 and 1.27 (in yellow) the last burst in the second half of 2019. this burst was a lower high than the previous one. I see this resistance as the line in the sand because after we're not far from being at zero. we should see that area tested in the coming days or weeks so we will know soon if it can hold
On the weekly we have crossed the long term trend line from the top in 2005 however I do not find any significant pattern or good trend channels/lines today for the daily. We can only wait for the long term support line and test of that area to see if it holds and print some divergence
I do see a gap between the 50 & 61.8 fib of the last move which is interesting. I will set an alert for this but today, exploration continues but no major results fundamentally
$MEI:ASX - METEORIC RESOURCES - 230% gain in 3 monthsMeteoric Resources is an iron, gold and base metal exploration company with a portfolio of projects in Western Australia and New South Wales. They have been having a nice steady run over the last 3 months and could well be worth a watch. RSI might be a little over extended so watch for a pull back.
Current demand looks strong with 156 buyers for 21,536,802 units vs 59 sellers for 11,541,884 units
Meteoric Resources NL is a mineral explorer. The Company is engaged in exploration of mineral tenements in Western Australia, Northern Territory and Spain. It holds copper-gold, iron and diamond projects in Australia, and a graphite project under application in Spain. Its projects include Webb, Barkly, Warrego North, Perseverance and Cortegana. It is engaged in exploring the kimberlite field in the Webb Diamond Joint Venture. It holds a granted exploration license (EL23764) over magnetic and gravity anomalies near the old Warrego copper-gold mine in the Tennant Creek mineral field. Its Barkly Copper-Gold Project is located approximately 30 kilometers east of the town of Tennant Creek in the Northern Territory. It holds interest in approximately nine granted mineral leases in the Perseverance Project. It has lodged an Investigation Permit application over several crystalline flake graphite occurrences in the Aracena Metamorphic Belt, Huelva province in the Cortegana Graphite Project.
$MEI.ASX - Daily, Reversal in play, took a position$MEI.ASX - Daily, Price has recently bottom and Reversal in play IMO, took a position...aiming 2.4 as 1st Target, Let's see...GL!
MEI forming a pennantMEI is in the late stages of forming a very nice pennant. Volume dropping right off. Target of 12.5c if it breaks out on good volume.
very well formed pennant, almost textbook.
