MEO 0.00% 0.0¢ meo australia limited

There were some large buyers early yesterday but the upper...

  1. iam
    1,149 Posts.
    lightbulb Created with Sketch. 20
    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.
 
watchlist Created with Sketch. Add MEO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.