Bullish on MEG Energy Corp.

On Feb. 2, 2023, we identified a major up-leg , a correction to $14.50-15.00 and suggested that a rise above $21-22 would support targets of $25 and $27.had a series of highs and lows above a rising trend line and reached a recent high of $28.42 for a 31-per-gain since our report .

Behaviour indicators including the rising 40-week Moving Average and the rising trend line confirm the bullish status. There is good support near $24-25; only a sustained decline below the 40wMA would be negative.www.decisionplus.com Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

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