MEO 0.00% 0.0¢ meo australia limited

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  1. 1,383 Posts.
    Sorry but I think this is in a slow bleed... Meo failed to find support at the 61.8% fib or 36c. In fact it gapped down over that support...which is an extremely bearish sign....

    I really thought that would be the low...

    There is no support at 32c it has to go lower....

    and will the next support hold? who knows

    If you are still holding this stock you might want to consider lightening up your position...and picking the stock back up on the way back up ..if that ever happens...

    GL with it





 
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