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Tech Analyst Says 'Stay Long for the Intermediate Uptrend'
Contributed Opinion

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Technical analyst Clive Maund takes another glance at ME2C Environmental as it broke out earlier this week.

We got the breakout yesterday in Midwest Energy Emissions, aka ME2C Environmental (MEEC:OTCQB) that we have been looking for as recently as last Friday, and it was spectacular, as you can see on its latest 3-month chart below. This breakout was due to the news announced yesterday that ME2C Eviormental Announces New Three-Year Supply Business Estimated up to $3 million Annually.

I did not know about this development, and the assessment that it would break higher was purely the result of a technical analysis of the stock.

No action is required on our part.

We stay long for the intermediate uptrend just starting, and we can see on our chart the MACD indicator showing that it has plenty of room to run.

However, if you do not own the stock, DON’T CHASE IT HERE. It may now either consolidate (perhaps after running higher) or react back, in which case it will be in order to buy or add to positions.

Midwest Energy Emissions' website.

Midwest Energy Emissions Corp. closed at $0.40 on April 13, 2023.

Originally published on on April 19, 2023, at 7:55 pm EDT.

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The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

1) Clive Maund: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ME2C Environmental. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. 

As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ME2C Environmental, a company mentioned in this article.

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