MEO 0.00% 0.0¢ meo australia limited

chart - don't get caught with your pants down, page-4

  1. 22,593 Posts.
    Hi pbojanac, many thanks, as for another low, well we have that weak area above us in the low 40cent level from early last week, BUT we have strength as well down in the low to mid 30c, this latest batch of potential weakness started in the last hour or so of Monday and continued into the first 30min of Tuesday, now is that enough to roll us over a little or not, I guess we will have to wait and see. From a daily view normally you would expect some weakness to continue, because over the last two days they don't look real attractive, yesterdays close being lowish on the bar on high volume following a high volume up bar on Monday which sometimes contain hidden selling, BUT we have strength at the moment beneath us, it appears this is area the battle is between, lets see which way it goes. lol
 
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