Flagging…. with this size bull flag, IF BREAKSOUT PROPERLY to the upside, the next target is around seven dollars. GOD I HOPE THAT COMES TRUE. Could form into descending wedge to consolidate more.
$Magic Empire Global (MEGL.US)$when a bull flag breakouts properly, you measure the height of its pole and add thst number to the price point It sits at right before it breaks out. Of course, that is if all aspects work accordingly… Also, it’s important to remember measured target is a price you could expect it to “hit” at peak of the breakout of such pattern and does not mean it will sit and rest at that price
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Alex Vrublevskiy : i love your positive attitude))
Alex Vrublevskiy : you still jolding TOP?? I LEFT 20 SHARES STILL JUST TO SEE WHAT WILL HAPPEN
Thecrawforrd : So someone told me MEGL issued 5Million shared at IPO 9 months ago and they traded 10Million yesterday, is this true? And wouldn’t this cause a squeeze?
RIPPER OP Alex Vrublevskiy : No I never was holding it just watching. Without any chart technicals for me to guide trade from, I simply stay away from such as it’s a complete Lotto otherwise. But that’s not to say Megl is not a lotto play….as anything with gsins this high brings risk however at least with a full chart history, and set up like it is I can at least gauge its movement.
Alright now I really have to run, hitting the road. Good luck to all.
JimyJimy RIPPER OP : what this means
RIPPER OP : I think this seven dollar target is going to be hit….I’m setting sell limit at 6.7
Anyway RIPPER OP : How long do you think will it take to reach that level?