Just to show my ineptitude re TA but to join in your game to see if I have learnt anything about your charts:
1 There are higher lows on a gradual increase in volume and spreads. Is this a good thing?
2 We have a headache but are now back over your resistance line (plank) and are testing it from above. This is probably due to improved global markets but will be tested Thursday if the DOW falls o/night. If it does fall with the DOW then the beta value theory is probably right - but then most stocks move with the global markets to a degree.
3 Perhaps we'll have a higher low this week on decreased volume which may mean that sellers are drying up?
Like I say, what is obvious to some is a mystery to others, especially me.
#:>))
MEO Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
