it's all about support and resistance right now with MEO IMO....Don't forget we have a jittery market...any sign of weakness and everyone jumps ship.
Below are three charts
The first is the daily
The second is the 60 minute which shows support and resistance more clearly and lastly is the weekly which, interestingly, reveals that what MEO is doing now is almost identical to february 07 just prior to the big upswing.....
but that doesnt mean its going to happen again!
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it's all about support and resistance right now with MEO...
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