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MEI

Mediclinic rare formation showing upside to R135.18 with warningRising 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 break above and head to the next high of the target of R135.18 Or we can expect the price to break down due to bubble fears and the price will drop to the previous low (below the flag pole) at R72.24. My bias is bullish as the technicals are showing upside such as: 7>21>200 MA - Bullish RSI has formed a Falling wedge with an up flagpole. If it breaks up, it will head back to X>70 - Bulllish Target up - R135.18 ABOUT MEDICLINIC Mediclinic (Est. 1983 in SA Stellenbosch) is an international private healthcare services group with operations in South Africa, Switzerland, and the United Arab Emirates (UAE). It's listed on the London Stock Exchange, the Johannesburg Stock Exchange, and the Namibian Stock Exchange. The group has over 77 hospitals and 47 clinics, as well as a number of retail pharmacies and occupational health and wellness services. The company employs over 34,000 people worldwide. Mediclinic's largest shareholder is Remgro Limited, a South African investment company.
MLong
by Timonrosso
MEI Metioric Resources - WatchingHello, 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 sand because after we're not far from being at zero. we should see that area tested in the coming days or weeks so we will know soon if it can hold On the weekly we have crossed the long term trend line from the top in 2005 however I do not find any significant pattern or good trend channels/lines today for the daily. We can only wait for the long term support line and test of that area to see if it holds and print some divergence I do see a gap between the 50 & 61.8 fib of the last move which is interesting. I will set an alert for this but today, exploration continues but no major results fundamentally
ASX:MEI
by djmitchb