Charts tell a lot of things when you look at the chart of a particular stock. But they can't tell you that DOW will drop. MEO's drop is because of that. Nothing else. Actually there is very good positive divergence has started to appear on MACD, Momentum and Stochastic charts. Stochastics chart shows MEO hasn even not oversold yet(stoch is stil over 20)
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fib ratio, page-47
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