MEG on another potential breakout

Megaworld Corporation

MEG is on a potential breakout again after a full retracement from Bullish Gartley harmonic pattern reversal. This time, its a potential breakout from a Pennant pattern, considered a trend continuation pattern with projected target price around 4.75.

*An immediate breakout from the resistance at 4.11 should provide the confirmation.

Trading Plan
- Buy the breakout with a tight stop-loss in case the setup doesn't pan out as expected.


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