MEO.AX has closed above the upper band by 7.4%. Although price has broken the upper band and a upside breakout is possible; the most likely direction for MEO.AX is to continue within current trading range. It is unclear right now based on current numbers. 88.3% wider than normal. The large width of the bands suggest high volatility as compared to MEO.AX's normal range. The bands have been in this wide range for 1 bars. This is a sign that the current trend might continue. Check here: http://au.stoxline.com/q_au.php?symbol=meo&c=ax&Analysis=Analysis
MEO Price at posting:
80.0¢ Sentiment: Buy Disclosure: Not Held
