It has taken a long time time to breach that lower trendline...and it may not be sustained
watch the volume tomorrow and see what happens with the price....don't get frightened into dumping your holding...
There's a lot of very silly statements being made right now regarding the share price of MEO...It's important to bear in mind that the stock has been retracing for sometime and it will find support very soon....
Don't make the mistake of selling out right at the low...if the trend is down a more opportune time will present itself...
The time to sell has passed quite frankly.....
Remember..when you feel like selling you should be buying!!!
Now the smart money is buying ...don't sell them your stock!
Look for support around 45c ..not a spike down but a close around this pe
MEO Price at posting:
47.0¢ Sentiment: None Disclosure: Held