Mesa Air Group, Inc. (fka MESAQ)

[spottrader]

this is ridiculous:
Finally, Mesa Air Group Inc. (MESA) is our only bearish setup with this batch of stocks. It's a classic case of a range-bound stock that raced up to the resistance side of a channel, and is being returned to the lower side of the same channel. It's a small breakdown, but a breakdown all the same.

Truth be told. MESA actually went a little beyond the upper boundary with the recent peak of $0.36. We've seen four straight days of losses since then though, so it's not as if the stock's testing the breakout waters.

From here, we simply expect to see Mesa Air Group shares work their way back to the support line at $0.15, though it will certainly be higher than that by the time the stock actually gets there.... maybe $0.18?