• A Potential Surge Seen In Megaworld

    A Potential Surge Seen In Megaworld

    Megaworld Corporation (MEG) now looks like a blue chip that is going to go green in a major way in the near term. As you can see from its long term chart, the stock has carried itself back just above its long time adjusted resistance of Php5.00. What tells us that the stock will most

  • Megaworld To Challenge Php5.00 Key Resistance

    Megaworld To Challenge Php5.00 Key Resistance

    Megaworld Corporation (MEG) has finally revisited its all-time adjusted high of around Php5.00. A long term hurdle at this zone, though, may keep its rise in check for the mean time. In other words, profit taking actions at its present mark may likely lead it to move sideways albeit in a tight range of Php4.75

  • Technical Overview on MEG

    Technical Overview on MEG

    Here’s a quick technical overview on Megaworld Corporation (MEG). MEG had been trading within a descending channel since September 2010 before finally breaking loose early this year. After escaping above the critical Php1.80 resistance last March, MEG has steadily moved upwards. It eventually reached its minimum upside target at just above Php2.40 and by the