Signal Update
Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 04/17/2023, 10 days ago, when the stock price was 2.1800. Since then ME has fallen by -13.76%.
Market Outlook
With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls. Based on this pattern, in response to emerging market bullishness the system established new confirmation and stop loss levels. The signal tells us to STAY SHORT, but the chance of a bullish confirmation that will change the signal to BUY is quite high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.