Thanks for taking the time to post your thoughts. Aside from all the technical aspects, there is a fairly certain reality at the moment that only REALLY bad news will push this below 45c.
At the moment, the outlook is probably the best it has been in a long time. Not too long ago people were buying in at 80c with a very real prospect of losing 50% to find the low 40c's support again. Now you can buy a much bigger share and are probably only risking 10% in the immediate future.
It sucks to have come about but the only way to stay positive about the way MEO is run is to look at the asset they *might* have and the current opportunity to get a bit more of it through their top class performance so far.
MEO Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
