Stock in Focus: Megaworld (MEG)

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Megaworld Corporation (stock symbol: MEG) has gone to higher ground since my last post, but the stock was unable to reach new highs (although it came quite close to doing so).

Philippine Stock Exchange, Megaworld_MEG Daily chart, March 28, 2014

MEG Daily chart, March 28, 2014

An updated, yet incomplete ascending trendline still shows the uptrend is still intact, but bears could challenge it and the 4.00 psychological level very soon.

The Commodity Channel Index (CCI) has stayed afloat above the zero level despite the quiet price action.

The 4.50-5.00 near-term target remains open. (Check the previous post for details)

Do you have MEG in your portfolio? Share your thoughts below!

 

 

2 Comments

  1. Go MEG!!! Akhyat pahhh!!!!!!!! :)

  2. Balita ko kaka-birthday mo lang. Maligayang kaarawan kapatid!

    Rock and roll ang blog mo!

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