MEO
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0.00% 0.0¢ meo australia limited

sellers being mopped up by accumulator, page-11

  1. pommytimbo
    375 Posts.
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    05/06/08
    18:36
    Post #: 3821365
    Just ask yourself the question why would someone go to all the the trouble of capping and accumulating. (mind you MEO has been manipulated for many many months)

    I totally agree low volume and retrace to a sensible fibonacci level suggests this is a breather ahead of much stronger move (my fibonacci is to 38.2% on growth from 22.5.08 to 2.6.08...)

    Would just rather it happened tomorrow rather than next week - I must learn to be more patient

    MEO Price at posting: 0.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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