General discussion (MEI), page-4490

Just for the record guys, not that it should matter to most.
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I got out this week at 19. My buy, as I wrote last time was at 18, so not much gain.

So why did I get out? Based on my trading pattern, for a bullish move it had to reach at least 20, if not cross it. Two day it reached 19.5. I saw that as a weakness. I thought I will get out and see what plays out.

So what's happening here? Don't know. If have to give a frank opinion - playing with weakness. Why? again don't know know. One of the stalwarts of REE sector playing with weakness? Fundamentally, maybe not. Price action - I feel so,
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So what is my play? Upside to cross "and stay above 20". Downside to hold 16. Most are long termers here, waiting for their millions. So my post not relevant to them. I am a short-term player who plays on price action. Current price action is not good, A touch of 16.5 today was weakness. Though someone stepped in with a big buy. So where are we? A bit of stalemate. My play? Below 16 or above 20. Rest I will watch the churn. I like MEI, but I like price action more, hope one understands. All the best.