Analyzing the options chain and the chart patterns of MEI Methode Electronics prior to the earnings report this week, I would consider purchasing the 30usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.82. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
A slight up channel on MEI Weekly chart. A downward trend can be drawn also that I expect a strong bounce off towards the top of the channel.
Rising Wedge has formed with upside. This is a rare formation. Reason why it's a wedge and not a pennant is because the formation is bigger than 1 month. Above is a Rising Wedge in an uptrend. This is one of the rare formations where the price makes higher lows and higher highs - but within a consolidation after a big move up. We can either expect the price to...
Mediclinic has just broken out of a somewhat Rounding bottom formation. The demand and buying has kicked in which could send this price flying, once the support is retested and confirmed for upside. CONCERNS: The liquidity isn't great as the candles are quite large and erratic. Bias - Bullish.
a bounce back and continuation of the previous trend to the upside
MEI is breaking above yellow line. Its a nice clean break, however there is a trending decline in volume, since the start of the year. Perhaps this is a sign not to buy long, but rather observe.
Failed bounce off Shaded area. Very likely to break below it.
Hello, on daily 50ma lower than 100 and 200, strong down trend on this with no positive divergence on macd or RSI. however the RSI is becoming oversold. There is some longer term support between the 1.18 and 1.27 (in yellow) the last burst in the second half of 2019. this burst was a lower high than the previous one. I see this resistance as the line in the...
I've waited 2 years for this trade... Will give it another go as the signs for the system have confirmed for upside on Mediclinic. Thoughts? #JSE #ALSI #mediclinic #tradingview
Hitting some resistance might see some movement downward if momentum runs out The idea is based on my strategy, please consider before using this idea. Feel free to comment whether you agree or not, I welcome conversation. Remember to use a stop-loss and manage risk. Note: The views provided herein do not constitute financial advice.
I believe that MEI is headed for resistance and headed south for a little.