yogi-in-oz astroanalysis, page-12

Price and moving averages

Price and moving averages has closed above 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 BULLISH in short-term; and BULLISH in mid-long term.

Bollinger Bands

MEO.AX has closed below upper band by 16.8%. Bollinger Bands are 57% 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 5 bars. This is a sign that the current trend might continue.

Stay tuned