There were some large buyers early yesterday but the upper resistance could not be broken.
The lowere resistance will be tested today but only by outside financial pressures. I notice the sell side is still stacked, at the upper levels, every morning on a daily basis. If 45c is broken who knows what will happen. Hold on tight for the ride.
Property failures and capital excesses in Dubai should not affect a company cashed up to move forward - but logic doesn't always prevail in short term crisis.
I wonder what management are thinking options wise. They have only got the weekend left to decide.
- Forums
- ASX - By Stock
- MEO
- large seller
large seller, page-3
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)