I agree, this is building nicely. Today a 9.7 close, with a 9.6...

I agree, this is building nicely. Today a 9.7 close, with a 9.6 VWAP, so everyone happy!

I am very excited about the chart though. If MEU was "dead in the water" it should be heading back to where it was 2 weeks ago ... around 3 cents. This isnt happening!! Yes we had the spike & subsequent correction ... take that out the equation by looking at the lows ... constant higher lows with a rising trend in place.

We also have a series of lower highs in place, creating a symmetrical triangle. These normally indicate indecision by holders & buyers, building up pressure in the stock as it squeezes down to the point before it breaks out!

While there are instances when symmetrical triangles mark trend reversals as well, they more often mark a continuation of the current trend, which in MEU's case is UP!

I know that these patterns work best over a period of a few months, but in MEU's case I can still see the pressure building .... and I am banking on it going upwards!