OTCPK:MEAOD - Post by User
Post by
ssnowddayon Aug 16, 2010 9:12pm
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Post# 17355531
Oversold ?
Oversold ?
I wrote some time ago that the charts looked ugly and was heading (?) to the upper .40s. There is a pretty strong support in that area. I think it was not a sell off but a lack of patience from investors. Now to me, the chart is showing an oversold stock (even if the trading volume is low) as the MACD and RSI are on the floor... Expect a rebound at some point before the so waited news...
