MEO meo australia limited
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low in sp is weird, page-24

  1. barnsty
    8,897 Posts.
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    02/02/09
    16:46
    Post #: 4752052
    I don't think it's panic stations just yet.

    Still finished above the current uptrend line on the chart (intraday low of .205 touched the trend line), it did close below the exponential moving average though. It also broke through support created in Sep at around 23c. I would start to get concerned if it broke through 11c on the back of no news.

    I agree with gerant918, bots at work here. It should bottom out of this run around this price imo before resuming it's uptrend.

    Good Luck all, hang in there

    DYOR
    MEO Price at posting: 21.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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