I was fairly scathing yesterday with the poor price action on a very bullish xao day. But reviewing the charts to my surprise up pops a 'Matching Low' bullish candle. This candle has a moderate credibility, but when you look at it with the other indicators that suggest this stock is severely oversold eg.Williams % -95 lowest since the March where the sp was below 10c. Again the Stochastic is massively oversold. This is due for a bounce and a big one at that.
MEO Price at posting:
39.5¢ Sentiment: None Disclosure: Held
