Great news,
And for the newbees I rerepost one of my former post about the ASCI. They wrote a very interesting article about MEO, which is under copyright. But i posted the key numbers at 3 july. This is wat i posted.
"According to ASCI Meo will do $64c in short to medium term
$1.90 to $2.80 in medium to long term. I guess they are right again this time, because it's not a secret and common known that MEO is much, much more worth than the current trading levels".
Remeber that this artice was written before the,100%,Artemis upgrade
And now the bollingers etc for today 18-08-2009
Price and moving averages
Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
Bollinger Bands
MEO.AX has closed above bottom band by 42.4%. Bollinger Bands are 74.7% wider than normal. The large width of the bands suggest high volatility as compared to MEO.AX's normal range. The bands have been in this wide range for 20 bars. This is a sign that the current trend might continue.
Stay Tuned!!
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