I bought a lot of MEG, while it was consolidating last month, as it hits my buying box. I was confident because the RSI WALL serves well doing the support. I don't worry much if it breaks since I set my cutloss point at 1.85.
Why Taste the Profit? Because my system told me so. If we check its RSI in daily and weekly chart, It is noticeable that both are reaching their RSI resistances. Take note especially of the RSI WALL in the weekly chart as it may signify reversal. It suggest that the people is finding MEG expensive... technically speaking.
Our "Take profit" signal will be triggered when a bearish candle that strongly signifies a downward sentiment appears. There is no figure that is set for that signal because I myself is not yet sure if MEG is poising for a clear reversal.
We'll see the revelation tomorrow. I hope that the RSI resistance will break.
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