MEO 0.00% 0.0¢ meo australia limited

tide is changing., page-27

  1. 5,940 Posts.
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    Thanks for the chart Rhodes.
    I have posted a similar chart on my Post #: 5020402 on Feb.5th, showing the positive divergence appearing on MACD, momentum and scholastic.

    Positive divergence means the stock is being accumulated by a reason due to a significant positive change in fundamentals or being pumped for a dump later on if there is no reason related with fundamentals.

    We have an obvious reason related with our fundamentals. So i am coming to the conclusion that it is being accumulated and waiting for the take off in any time very soon. (It is about 2.5 months accumulation and may come to an end in next two weeks by the farmin partner ann. unless some ST traders and accumulators loose their patience before then and fire it up early).

    It is very hard to find an interesting stock like MEO in ASX atm. Its upside us huge due to Artemis prospect, down side is very little due to current cheap stock price as it has other interesting projects. So I believe many serious buyers are watcing it or already accumulating.

    My own rules apply to myself for a stock like MEO;
    Be ready for the rollercoaster,..
    have steel nervous,..
    don't panic,..
    be patient and
    concentrate on fundamentals
    (not sure if I can manage to do all those things at the same time, it is hard!)
 
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