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0.00% 0.0¢ meo australia limited

I think the sell down today was as a result of paniced T+3...

  1. WineCollector
    3,017 Posts.
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    17/08/09
    20:25
    Post #: 5519401

    I think the sell down today was as a result of paniced T+3 traders. Like you have said it has found good support again at 50/51c. It is not without risk but I think it is looking to rise to 54c tomorrow, with consideration to how the DOW goes tonight. The likelihood of news, good news, I think has the chance of boosting this past the 60c mark.
    MEO Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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