Here is the 2-year daily chart of MEG
It broke out of 2-year resistance. With the unfilled gap at 2.15, I doubt that it will go back below 2.
Is MEG a buy with this current condition?
Now, testing something I read before, I am also now trying to see it a new perspective:
Assuming that short-selling is allowed in our market, would you short MEG in this condition?
Caveat.
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