Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Oh well I guess I shouldnt chear too early.
Just waiting for all the sellers to dry up (seems to be ok now) and we will start our crawl to the upside.
As was indicated earlier: 15 minute chart MACD looking good. And on the 10 the macd crossed over in a good way :)
So lets see how the ask gets nibbled slowly.
When stuff moves too fast to the upside people jump aboard chasing. Its those same people that cause the overreaction to the downside as well (imo). So initial explosions are great for scalping off a hefty gain after which you expand your core holding.

if things move up again we will run into certain resistance levels where the bottom sellers will consider getting in again, but those that did not sell off before the bottom might be thinking that they are getting a second chance to sell out again. We have just passed the first group of sellers (resistance). So as we close in to the next group things will prolly get volatile again.

and please someone remove the coffee pot .. im waaaay too talkative. Perhaps I should get a cat or 50.


BTW pull up the hourly chart and add a 20 moving average.