TradingView
Peet_Serfontein
Jul 27, 2021 5:44 AM

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

Description

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.
More