botchee,
Here's my take on it. If this was an "ordinary stock" and not an O&G explorer (by that i mean say a bank, or woolworths), then i would be gearing up to buy.
But as it's nearing make or break time for MEO on this campaign it can not be treated as an "ordinary stock". I dont see there's enough time for a proper reversal.
I went into it in a bit of details back here.... It's the second chart down on that post.
Here's the current situation.
charts v2, page-77
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