Cannot argue with the basic's of what you are saying, except for the following, When a story is attached to a stock and the stock rises in anticipation of that story, if for what ever reason (no accpetable Farm-in offer was considered acceptable for example), then technical analysis will only confirm the the downturn after the event, because the fundamental reason has the immediate effect on the share price, I am not for one moment suggesting that this is happening (would be a major disaster for my level of holding,) but i cannot identify a reason, technical or fundamental for 1.Low buyer interest 2.Seller / buyer ratio higher than average over last month. 3.Considering we are to have the announcement this month why would the buyer interest diminish considering on other days this stock has been considerably higher. Quite happy to be educated otherwise, always willing to increase my knowledge
MEO Price at posting:
67.0¢ Sentiment: Hold Disclosure: Held
