MEO
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0.00% 0.0¢ meo australia limited

st reversal likely - fib, candle & momentum , page-5

  1. Rhodes
    1,603 Posts.
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    07/02/10
    23:38
    Post #: 6299574
    James

    Here are my thoughts on the chart below. EMA's fanned out and pointing down, MACD pointing down, Histogram still printing lower and it seems the pattern may have played out before and failed. Price did seem to rally from a trendline though. I might sit and watch a bit longer.



    Rhodes
    MEO Price at posting: 35.5¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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