MEO 0.00% 0.0¢ meo australia limited

stand your ground watch and wait, page-29

  1. 22,593 Posts.
    hi dmagnus, I note your a non holder at present and really it's not up to me to tell anyone how to trade but I'll explain how I'm planning to add another trading parcel and effectively trade my way out of being caught in that announcement :(

    If you go back and have a look at the lower of the 2 charts in that post# 6081975 and have a look at the weakness that is inside the 'RED rectangle' - it happens to be the first part of Monday's trading.

    Well that imo is the brick wall (thanks botchee) were right at the face of the wall now and there's no way thru it at present

    The boys are going to keep us down here for a while yet but if they do let us up above this level I bet it will only be a short term trap and we'll be back down under fairly quickly, their going to accumulate the geebies out of this and it will be a while

    For a low risk entry I'd be basically looking for the complete opposite of today's action and that was with those high volume UP bars that contained heaps of atm potential selling

    I think it will be quite a while before they do let us up or allow us a low risk entry, 2ways of looking for it, testing after strength or testing after a breakout and there's certainly none of that happening atm hey. cheers
 
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