MEG Price Action Update

Megaworld Corporation

MEG's price action continues to move within its 3-month Downward Price Channel with immediate support around 4.80.

*Potential Bullish Divergence pattern in the making (needs further confirmation).

Trading Plan
- Avoid for now.
- Buy the breakout from its Downward Price Channel on good volume.
- Potential position trade around the support area if Bullish Divergence pattern can be confirmed.


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