Meet Group Inc (MEET)

[bud_fox]

$MEET ~ Chart set up looking good. Here is a lagging indicator but the bulls stepped up after the stop losses were triggered.

Signal Update

Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 2.5800, and our valid average buying price stands now at 2.6500. The previous SELL signal was issued on 11/03/2015, 2 days ago, when the stock price was 2.4950. Since then MEET has risen by +6.21%.

Market Outlook

A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.