i was out, page-63

Hi nana

yes the MACD broke it's uptrend support and price tummbled with it as highlighted previously. As you say this is market wide selldown, not MEO related, and is not over yet. I feel for LT holders and they should stick with their investment plans which should take into account these market corrections. Unfortunately support on the old gap at 32 failed to hold and SP went down to backtest the old downtrend resistance line and bounced here, now the old gap at 32 appears to be acting as resistance.

I've had 28c as a target for a while as indicated by the dark blue repeating range down from 82.5c and the pink range down from the January top which failed to complete, then there is the gap at 25c and your 22.5c.........will be interesting whichich one comes into play.

I'll be looking for the MACD to support on one of the trendlines as shown by the yellow boxes as a possible entry for a short term trade, and tight stops. Testing times........



On a side note I'm not familiar with your inverted parabola pattern so will have to look into it.

Pure speculation only and not a recommendation to buy or sell.

Rhodes

ps: tonner, hope you're still with us