MEI Pharma Inc (NASDAQ:MEIP) price
has formed a big bullish candle on daily timeframe with volume 10x above
average. The heavy buying makes this an interesting situation and one
worth watching on Thursday, bought some today. From a technical
standpoint, the stock is starting to show some signs of acumulation with
high volume on upside days and low on dowside days. I expect this rally
to continue which can take prices towards 2.44/2.50 levels as long as
1.80 levels are protected on downside.
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