Post by
goldopportunity on Nov 24, 2014 6:31pm
The fundamentals of mega are looking very good, however.....
there are a few ta matters that may affect the sp in st. The accum/dist is at its highest level in the last 6 months. Plus macd, the stos and wm%r look like they may have peaked here. In addition, there is an up gap to us$0.056 on the u.s. chart that at some point may have to be filled. Today's trading may prove to be a "sell on the news" following friday's after-the-market technical report pr. We'll see what happens this week.
My revised st sp forecast: a potential revist to C$0.050 (if u.s. up gap is filled) and a potential st high of C$0.085. Jmvho.
goldopportunity