Hi K1111
Showing promise here to me.... in @ .25
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
Bollinger Bands
MEO.AX has closed above the upper band by 19.9%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 19.9%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 70.2% wider than normal. The large width of the bands suggest high volatility as compared to MEO.AX's normal range. The bands have been in this wide range for 0 bars. This is a sign that the current trend might continue.
My post is not investment advice, if you were indecisive before, you may end up not quite sure!! GLA holders
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