Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Another chart with what might be key levels
Weekly log chart

http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12473217210736.gif

Red is rising support
Blue is VITAL that must break to stop the downtrend imo
Notice they white line being hit repeatedly which lead to an immediate retrace. Last green outbreak candle penetrated it and closed ON it. Next week closed below it. Also note that this weeks high was the blue line. Previous high was 0.20 and top bollinger (though I dont use that).

Anyhoo, white resistance was broken once.
Blue resistance still in place.
20 ma is turning up and that MA has been carrying the entire downtrend for OVER 2 YEARS! (feb 2007 was first test and fail, since then price did not move over it. And when it did in april this year it was in a downward direction. That seems to be changing.

Lows we might be seeing are 0.11 -> if that breaks.......
Highs for now are 0.20 (green) or 0.17/.18 from the blue line.
Im expection that we will break white some time soon again.

Notice that the wedge will end at 30th or august. We will have earnings before that. Wedges weaken in moves the closer the price breaks out near the sharpest point, so if earnings are at teh start of august or something and postitive then we might see an interesting more that might well go to 0.52 (aug 2008 price)