MEO meo australia limited

my take on the situation, page-69

  1. 2,661 Posts.
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    From a charting perspective this move today has reached its technical downside target. Tomorrow we should hopefully see substantially decreased volume and the share price stablilise.

    I will add that the "charting" of companies like MEO which are waiting on annoucements that will significanty change the fundamentals, is a bit of a waste of time. The outcome of this drilling will be the only decider on which way this share price will move (short term). Charting will not give any clues.

    Have been reading all the posts, I would doubt that there is any manipulation. For mine, the break of .52 was going to set off a lot of stop losses and others trying to pick the bottom are bailing as well. There was some significant divergence at the recent top of .60 so those stops would have been tight.

    Good luck to all holders :)
 
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