It's looking alright at this moment sitting right on recent support and a long term trend line. Looks like it may bounce from here. Would be bearish if it slipped under the support lines imo.
2 Year daily chart. Notice how the sp has recently got through the trend line that it failed to get through in Feb. Sp is still above that line and needs to hold.
3 Month daily chart. Shows the trend line more clearly. Very bullish that the 50 day moving average crossed over the 200 day moving avearge recently, generally a very good sign.
MEO Price at posting:
45.5¢ Sentiment: Hold Disclosure: Not Held
