Thursday, March 3, 2016

MEG: Breakout from Ascending Triangle pattern

Megaworld Corporation

MEG is on a breakout from Ascending Triangle pattern with measured target around 4.2 which is near its 11-month downtrend line.

*Buying pressure already started early February.

Trading Plan
- Buy near the breakout area with stop-loss at recent swing low for a risk/reward ratio of at least 1:2.


1 comment: