MEIP--over at the Ihub MEIP board, i've been discussing the technicals in some recent posts....
Here's one made just after today's strong close, in reply to a poster saying he thinks MEIP will soon be back again over $6: ------------
A strong move back over $6 is looking very realistic this week, short of a mkt or sector collapse.
Very nice strength the last 30 mins or so today-- the computers shifted from "snooze control" mindless trading to remembering how undervalued this stock is! Maybe some actual human input involved, too (fear of missing out on sub-$6 prices when this thing can likely go to $9-$10 or much higher on data release later this month!) :-)
That's a nice candlestick for the day-- it makes it clear that buyers won over sellers in the testing for new support levels (sellers couldn't drop it to match or breach last Wed's low). The 10dma was also successfully defended.
Actually, the s/p finished at its third best close since the bad drop on Dec. 10, the day of share-offering news.
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