Figure 1. MEG Price Chart
Previously MEG was able to complete the bearish ab=cd pattern, and right now we may be possibly be seeing the beginning of the last leg of a possible bearish butterfly pattern with a target price of around 1.74-1.76.
Figure 2. Other technical indicators.
Note: To reach our TP, MEG has to break all the resistance lines near 1.38, 1.48, and 1.60. Overall MEG is trending up and its trend strength is getting stronger. Its momentum is currently strong also to the upside.
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