After 5 consec down days, particularly the 5th day (yesterday) was heavily down, it tend to form a doji star or long black candle to show it ready for a bounce back as it was oversold. With drill is on track + 52c CR, but sp was dumped to 44.5c is too much. Unless big guys crazily keep dumping as they did in the last 5 days, I think sp will be sideline and recover soon. Hope it will get back 50/52.5 tomorrow.
MEO Price at posting:
46.5¢ Sentiment: None Disclosure: Held
