People get worried they are going to miss the boat and hang on to their stock but if you look at any price reversal following a prolonged downmove they rarely take off in the opposite direction without pulling back to retest the turning point....
That's the time to jump back in...far safer that to get whipsawed in and out on false starts...
If the announcement is that good the trend will change and MEO will move into a prolonged up trend just like the last one from March last year....There was plenty of time to get in on tat one!
fib ratio, page-59
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