Another important week coming up for MEI.The key question for me...

Another important week coming up for MEI.

The key question for me is - when is it going to 20? Why do I ask that question? Reason being, before February, for last 9 months, there were only 3 days in 9 months that it did not do a high of at least 20. And now for the whole of Feb, close to 4 weeks, it has not reached a high of 20. Why? What does it mean? Fundamentally many may be comfortable with where it is, but price action - something doesn't look right. It needs to get 20. That's just my though, and I could be wrong. Lets hope it does that shortly.

I am watching on sidelines for now. As I had written, I had exited at 19, my buy was at 18, so nothing much there. Reason I exited - same as I have been writing - it failed to reach 20. It may not mean much to most, but I follow some patterns and I didn't like it.
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For those interested how MEI is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 26 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-72579619
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