Obviously the ADN price action is even more critical to the short term price action for MEP.
The valuation gap aside of ADN at 18c = MEP 20.7c + spin co assets, the move today in ADN is important.
Gap closed back to 19.5c and a close above the previous resistance. A close above 19.5c will open the door for a move into the low 20's pretty quickly. MACD trending nicely above the 0 control line at present is what you want to see for a high expectation of a continued run in momentum.
MEP chart below showing the move to the top end of the recent range, with a positive cross occurring once more on the MACD today.
MEP Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
