In Retrospect: MEG

MEG

Looks like MEG lost its bullish steam, the stock went to as low as 2.40 on the first trading day and last Friday, it went below 2.40 to as low as 2.36. The trading last Friday opened and closed on the same level indicating indecision for movement of the stock. As of current, since it has gapped down its more likely that this stock will move further downwards for the coming week. Next possible support is at 2.20, which is the resistance-turned-support line