hmmmm, although many of u guys sound very committed, technicals seem to be worsening by the day for this stock. i admit technical wont indicate anything for the long term performance of a stock, but for the mean it while seems like there's going to be further drops.
- the triple 10 days EMA/SMA both indicating down trend, - today (especially) and 16/11/09 had high volume on sell down day, - MACD falling constantly, - ADX also falling lower and lower - RSI dropped below 50 mark, - todays price droped below support of 0.505 ~ 0.51 - stocastic forming lower lows and lower highs....
just pointing out for those that might be thinking of entering at this stage.
*** NOTE: technicals do not indicate long-term out look.
however, it certainly doesn't seem like the bottom of the drop.
good luck everyone
MEO Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
