Potential short on MEET entry around the $5.00 range. Assumed down trend continuation after price had broken down short term support level. Small volume leading to light traction being made for potential upturns.
Trade responsibly; TPs and SLs.
On a fully zoomed out Daily Chart, i noticed many bullish inverted patterns forming over long periods of time. Just a technical observation, im not sure if it means anything but I thought it might be interesting.
The combination of RSI Stoch and MACD show the uptrend is on the GO and MEET could go further UP. So the Pattern has formed and we can set BUY Stop order on today's HIGH.
Take profit = ATR(10)x 4.5
Stop loss = ATR(10)x 1.5
Good Luck and good trading
An excellent question by our member @Jabda#8321 on MEET
We see a channel from 3.24 - 3.96 with an overlapping channel at 3.69 - 4.37
as this is being played now it's attempting to reclaim the mid range of the first channel or the bottom of the second at 3.69, either way this looks strong for a continuation above 4.01 (the 200ema from the daily)
We are in play...