MEO
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0.00% 0.0¢ meo australia limited

I've been posting charts on MEO since 14 cents and I'm sorry to...

  1. stocktoe
    1,798 Posts.
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    14/10/09
    13:56
    Post #: 5777086
    I've been posting charts on MEO since 14 cents and I'm sorry to say this is my second negative looking chart. The 1st being the break of the triangle downwards at 67cents last week. I don't like the candle currently being formed today. It shows buyers were exhausted and sellers gained control. I also see a downtrend that needs something like a double bottom or island reversal before I'd buy. Similar happened on BOW and it recouped all its losses in a short period.

    Money talks - here's my take on the chart

    MEO Price at posting: 57.5¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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