MEO 0.00% 0.0¢ meo australia limited

charts, page-108

  1. 1,148 Posts.
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    Hi Guys,

    Mitta, I was sure you were a non holder so don't hold it against me as I'm a holder too. lol

    Anyway my take on my chart is that the SP alway gravitates to the ML (median line). The black pitchfork is the dominate one and the blue is acting as an indicator.

    The SP is currently sitting on the support of the black tyne and sitting below a resistance of the blue tyne. If it moves hastly through the blue UT and through the blue broken line, thats a buy signal in pitchfork terms.

    There is strong resistance at .65 via Fib, historical price and the resistance of the black ML

    Cheers

    meo 22 nov 2010
 
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