Tuesday, September 14, 2010

Megaworld Corporation (MEG)

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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