Thursday, October 4, 2012

Chart Update: MEG breaking of RSI trendline

Figure 1: MEG Price Chart

MEG's price is presently testing it major resistance. Will it finally break this resistance area? My take is there is a high probability that it will finally break this area. I am taking my early signal from the RSI trendline break. In the past this trendline acts as area where price reversal took place. But this week, this was finally broken. Hope ito na yon time MEG will follow its mother company (AGI) movement.

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