Dan asked for a chart of MRGE and noted that “the company has not filed its last financial statement yet and is facing delisting.” ‘Nuff said! Before I even looked at the chart I had a good idea of how it would look. I was actually surprised that it wasn’t at all-time lows though.
Without knowing the news I’d be looking to short it on any rallies to (or near) the top of the trend channel. But I’d hate to be caught short if the company suddenly cleared up their listing issues.
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