Thread by @arcabulls

$MEGL vs $HKD PT 1: I hate when this happens. #megl #stock #cupandhandle may not be done just yet, let's begin. I began to notice the odd behavior from megl today in price action. I was curious so i began to compare #IPO's with #hkd. I noticed some rhyming... cont

$MEGL vs $HKD PT 2: Let's take a #fibonacci retracement from the first candle to the low of the day. You'll see we faced rejection @ the 1.618 ratio. Now let's take some fibs from the top of the cup to the low of the day and we can now see some higher targets that... cont

$MEGL vs $HKD PT 3: ... have more to do with #hkd #stock. before we go there let's take note that our second trading day first stop could be at #megl's all time high based on the patterns target via trend lines explained in the pt 1 video... cont

$MEGL vs $HKD PT 4: Now, let's look at #hkd's first trading day. It also has a #cupandhandle that faced resistance at the same 1.618 ratio, just like #megl. I used the same first candle to low of day approach with the #fib tool as i did with #megl. The following is why... cont

$MEGL vs $HKD PT 5: ... i assume the #megl cup is not done. After the first stop which is where the trend line #cupandhandle measurement target met, #hkd continued onto the next resistance @ the 1.618 ratio just like we're saying #megl can also go to... cont

$MEGL vs $HKD PT 6: I find it interesting that both of these assets are behaving similarly. This is not financial advice but there is a possibility where #megl #stock can also run into ridiculous numbers like #hkd. Thank you for reading!

- ArcaB