Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

check the chart:
Price was at support (the MA's) while it was in the pennant. In order to break out prices often move a bit down below the support to have time work in its advantage. The next cent up broke BOTH the pennant and the MA's.
Now check the Stochastics. They started to move up and went on till they reached overbought right as resistance.
So we now can draw a new very weak resistance line to the new 0.128 top. And price is above the 200MA that is starting to curl up.
We just might have to wait for the yellow 20ma to slam some momentum into this baby.
BTW notice how the macd and adx are going green/curling over 30.


http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12482859947330.gif

so the price movement has been mostly technical IMO.

At the time of writing the price is 0.118 as in above 200ma support