Replies to post #3410 on Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

20 cents is like the great wall of china.
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12501667259632.gif

Blue line and circles accent the 20 cents line.

It was the top on the first big run .. so if there are still some chasers left in this stock then 0.20/0.21 will be break even time for em.

We would need some serious volume to slam through in one go, then we would need some buying pressure to stay above (as in not more profit takers than longers).

Some wierd movement on the price action though, hard to tell.

0.2 is an old and important top
0.2 is a mental barrier
0.21 is big resistance so peeps might want to get out early

On the + side a break over 0.2 might trigger stop orders to buy.

Price action is telling us this one will move in the short term imo.