Well done to those that held. traders have hardly made a cent on this in the last week on MEO with flag formation and nervous investors got to get out. Its a success for chartists and those like Mr Aisa who dipped out and gave me shares earlier in the week should rethink charting and TA I think.
A great close on good volume. Resistance should now become support, so I doubt we'll see sub 45 for a while.
Next stage Elliot wave 3....
again well done to holders through a boring week.
MEO Price at posting:
45.0¢ Sentiment: None Disclosure: Held
