Good chart orgone and thanks for pointing out the fib retracement, however there is a large elephant in the room (ie 30/9) so until that 'known unknown' to paraphrase cheney (lol) is uncovered I think its difficult to call which way to go.
Unless of course you're talking v short term (ie next few days) in which case I do agree it points down, be v surprised though if it breaks the trendline resistance in high 60s/low 70s. Not liking the look of the bearish evening star pattern. Had I been in it for the ST the call would be sell BUT with god knows how the market will react to the news on 30/9 you would be a brave man to bet on it going south.
MEO Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
