Peet_Serfontein

MEI: mean reversion trade back to its 200-day?

Long
JSE:MEI   None
Upside price momentum supports the bullish trend.
Price action is close to the lower range of the linear regression channel pattern - which also increases the likelihood of a mean reversion trade.
MACD confirmed a change in trend direction to bullish.
ABove 5750 supports a bullish trend.

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