The gap at 14 cents was created when the market became aware...

The gap at 14 cents was created when the market became aware that MEO was actively negotiating with Chevron and Woodside seperately regarding a significant farmout .

In three days 68 million shares have traded hands and significant volitility has no doubt been profit and pain to many .

So here we are "teetering" at the top of the gap yet buying is not letting up . In three days almost the entire volume of May has traded .
I propose that the gap is serving its creator as sellers reflect that the gap may close, hence sell at loss/profit now and buy back in when/if it fills .....meanwhle an accumulator buys in full knowledge that the pervasive technical gap is creating a vaccum which can be closed in a low volume instant once the targeted volume acquisition has been achieved .
A conspiracy theory ? - Look at the volumes and consider who MEO are dealing with and the size of the gas column in question 9.7 Trillion cubic feet between Woodside and Chevron . Look at a long term chart and reflect where MEO has been and consider how low it still is . Big big days coming imo, and free float gradually whittling away .